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Lowe's Cos. (LOW) Is Challenging The Highs After Q2 Profit Beat

Lowe's Cos. (LOW) reported second quarter adjusted EPS of $2.07 Wednesday morning. Analysts expected EPS of $2.02.

The company also announced the appointment of David Denton as executive vice president, chief financial officer. Denton succeeds Marshall Croom, whose retirement was previously announced.

Lowe's gapped open higher Wednesday and has continued to rise in early trade. The stock is now up 7.64 at $107.38. Lowe's is challenging the highs of the year, trading at nearly a 7-month high.

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