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

1. Lowe's surpassed earning expectations with strong demand for home projects. 2. The company announced the acquisition of Foundation Building Materials for $8.8 billion. 3. Lowe's increased full-year sales outlook to $84.5-$85.5 billion. 4. Comparable sales expected to remain flat to up 1% year-over-year. 5. Net income rose to $2.4 billion, outperforming expectations in earnings per share.