Lowe's reports q3 adj. earnings per share of $1.41

Lowe's reports third quarter sales and earnings results.q3 adjusted earnings per share $1.41.q3 earnings per share $1.36.q3 sales $17.4 billion versus refinitiv ibes estimate of $17.68 billion.q3 same store sales rose 2.2 percent.q3 earnings per share estimate $1.35 -- refinitiv ibes data.sees fy 2019 sales up about 2 percent.updates fiscal 2019 business outlook to raise adjusted operating margin & adjusted eps ranges.announces restructuring of canadian operations.sees fy comparable sales to increase approximately 3 percent.diluted earnings per share of $5.35 to $5.47 are expected for fiscal year ending jan. 31, 2020.adjusted diluted earnings per share of $5.63 to $5.70 are expected for fiscal year ending jan. 31, 2020.lowe's companies - $53 million non-cash pre-tax charges in quarter resulted from co initiating strategic review of canadian operations during q3.based on findings of strategic review in q4 2019, co closes 34 underperforming stores in canada.lowe's companies -based on findings of strategic review, in q4 2019, to reorganize corporate support structure across canada.charges of $175 million to $225 million consisting of inventory liquidation expected in q4 2019.adjusted operating income as a percentage of sales is expected to increase 40 to 60 basis points in fiscal year 2019.fy earnings per share view $5.67, revenue view $72.53 billion -- refinitiv ibes data.
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