Lowe’s tops Street 4Q forecasts

MOORESVILLE, N.C. — Lowe’s Cos. (LOW) on Wednesday reported fiscal fourth-quarter profit of $663 million. On a per-share basis, the Mooresville, North Carolina-based company said it had net income of 74 cents. Earnings, adjusted for non-recurring costs and severance costs, came to 86 cents per share. The results exceeded Wall Street expectations. The average estimate