Lowe's reports third quarter 2022 sales and earnings results

—u.s. comparable sales increased 3.0% — — third quarter diluted eps of $0.25; adjusted diluted eps1 of $3.27— — raises full year 2022 outlook— mooresville, n.c. , nov. 16, 2022 /prnewswire/ -- lowe's companies, inc. (nyse: low) today reported net earnings of $154 million and diluted earnings per share (eps) of $0.25 for the quarter ended oct. 28, 2022, which included a pre-tax non-cash asset impairment charge of $2.1 billion related to its canadian retail business, compared to diluted eps of $2.73 in the third quarter of 2021.
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