1 Q income net falls partly on poor Lowe weather

COS. Lowe's first quarter net income fell by 6%, under pressure in part weather and difficult economic conditions.

Renovation retailer home Mooresville, N.C., also cut its prospects for the year Monday.

Lowe earned $ 461 million, or 34 cents per share, for the three months which is completed on 29 April. It is to the bottom of 489 million dollars, or 34 cents per share, a year earlier.

Tempered revenues 2% at 12.19 billion.

Analysts expected earnings of 36 cents per share on revenue of 12.54 billion.

For the full year, Lowe is now expects earnings of $ 1.56 to $ 1.64 per share and an increase in the income of approximately 4%. He forecast earlier earnings of $ 1.60 to $ 1.72 per share on a 5% increase of income.

Analysts predict with annual earnings of $1.70 per share on revenue of $ 50.9 billion.