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Lowe's Q3 earnings $692 million

Christian Fernsby |
Lowe's reported net earnings of $692 million for the quarter ended October 30, 2020, which included a $1.1 billion pre tax loss on extinguishment of debt in connection with the company's third quarter $3.0 billion cash tender offer, compared to net earnings of $1.0 billion in the third quarter of 2019.

At quarter end, the Company had $8.2 billion of cash and cash equivalents as well as $3.0 billion in undrawn capacity on its revolving credit facilities, which will be available for any unanticipated liquidity needs.