UPDATE: Lowe's Posts Rise In Q4 Profit

Lowe's Companies Inc LOW posted a rise in its fourth-quarter profit. Lowe's quarterly profit climbed to $322 million, or $0.26 per share, from $285 million, or $0.21 per share, in the year-ago period. The latest quarter results included one-time charges of $0.03 per share. Its revenue climbed 11% to $11.6 billion. However, analysts were expecting a profit of $0.24 per share on sales of $11.3 billion. Lowe's projects 2013 earnings between $1.75 and $1.85 per share, versus analysts' estimates of $1.81 per share. Lowe's shares gained 3.09% to $28.00 in pre-market trading.