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Lowe’s Declines After Forecast Renews Housing-Market Fears

By Tony Seruga

Sales missed company’s goals due to August, September slowdown
Results follow troubling signs from larger rival Home Depot

Lowe’s Cos. suffered its worst stock decline in three months after the retailer posted disappointing third-quarter profit and cut its full-year forecast, renewing concerns that Americans are curtailing spending on their homes.

Earnings rose to 88 cents a share in the quarter, the Mooresville, North Carolina-based company said on Wednesday. Analysts estimated 96 cents on average…

Lowe’s Declines After Forecast Renews Housing-Market Fears

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