MOORESVILLE, N.C. — Lowe’s, which named a new CEO this week, is reporting weak profit and revenue numbers for its first quarter in which harsh winter weather cut into the traditional spring sales season.

The Mooresville, North Carolina, company earned $988 million, or $1.19 per share, for the three months ended May 4. A year earlier the home improvement retailer earned $602 million, or 70 cents per share.

That’s 3 cents shy of Wall Street expectations, according to a survey by Zacks Investment Research.

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