Lowe's Companies, Inc. (LOW) reported second-quarter net earnings of $1.4 billion or $1.68 per share compared to $1.2 billion or $1.31 per share, a year ago. The second quarter results included a $96 million gain from the sale of the company's interest in its Australian joint venture. Excluding the gain, adjusted earnings per share increased 14.6 percent to $1.57 from $1.37, prior year. On average, 27 analysts polled by Thomson Reuters expected the company to report profit per share of $1.61 for the quarter. Analysts' estimates typically exclude special items.
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