Lowe's beats on quarterly earnings, buys home pros business for $8.8 billion

Lowe's beat Wall Street's earning expectations on Wednesday as demand for home projects picked up during the quarter.The retailer also announced its latest effort to attract more business from home professionals. It said on Wednesday that it has struck a deal to acquire Foundation Building Materials, a distributor of drywall, insulation and other interior building products for large residential and commercial professionals, for about $8.8 billion.Lowe's revised its full-year outlook to reflect the acquisiti ...