UPDATE: Lowe's Posts Downbeat Q2 Results

Lowe's Companies LOW reported weaker-than-expected Q2 results. Lowe's posted its quarterly earnings at $747.0 million, or $0.64 per share, versus $830.0 million, or $0.64 per share, in the year-ago period. Its sales declined 2% to $14.25 billion. However, analysts were expecting a profit of $0.70 per share on revenue of $14.46 billion. Lowe's shares closed at $27.87 on Friday.