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Highlights from the Lowe's (LOW -5.4%) earnings CC: The hunt for Canadian firm Rona pushes on,...

Highlights from the Lowe's (LOW -5.4%) earnings CC: The hunt for Canadian firm Rona pushes on, with a friendly deal preferred but a hostile takeover not ruled out. Says improvements in inventory and cost reductions after line reviews. Sees same-store sales flat for H2 with macro challenges still in place. Guidance assumes $1.5B in additional share buybacks, $18B 4-year share repurchase plan still in place. (transcript)
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