NEW YORK (Reuters) - Lowe's Cos Inc reported weaker-than-expected sales in the second quarter as home owners put off big renovations in an anemic U.S. economy.
Sales at the second-largest home improvement chain behind Home Depot Inc
"Despite some recovery in our seasonal business, our performance for the quarter fell short of our expectations," said Robert Niblock, Lowe's chairman, president and CEO.
Net income was $830 million, or 64 cents a share, compared with $832 million, or 58 cents a share, a year earlier.
Excluding special items, it earned 68 cents a share. On that basis, analysts were expecting 66 cents, according to Thomson Reuters I/B/E/S.
(Reporting by Dhanya Skariachan; editing by John Wallace)