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Lowe's raises full-year forecast

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Lowe's upgraded its full-year sales and earnings forecast amid consistent demand for tools and building materials.

The company expects sales during fiscal 2022 to land at $97 billion to $99 billion, up from a previous estimate of $94 billion to $97 billion.

Lowe's upgraded its forecast for earnings to $13.10 to $13.60 per share. Previously, the outlook was $12.25 to $13 per share.

Read more from Reuters.

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