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Lowe's to close 34 Canadian stores

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Lowe's Co. announced plans to shutter 34 underperforming stores in Canada.

The announcement was made alongside the company's earnings report, in which profits beat expectations but revenue did not.

Adjusted earnings per share were $1.41, above analysts' predictions of $1.35 per share. Sales of $17.4 billion were below the expected $17.7 billion.

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