Rona acquisition will reduce full-year earnings, Lowe's says

"The only changes to our outlook are related to Rona," Lowe's chief financial officer Bob Hull told analysts during a conference call. Back in May, the month it completed the Rona takeover, Lowe's said it was expecting its full-year diluted earnings to come in at $4.11 per share. Lowe's CEO Robert Niblock said he was pleased with the progress of integrating the Rona chain, and the U.S. firm said it is aiming to double profitability at Rona within five years.