Nov 20 (Reuters) - Lowe's Companies Inc LOW.N :
* LOWE'S REPORTS THIRD QUARTER SALES AND EARNINGS RESULTS
* Q3 ADJUSTED EARNINGS PER SHARE $1.41
* Q3 EARNINGS PER SHARE $1.36
* Q3 SALES $17.4 BILLION VERSUS REFINITIV IBES ESTIMATE OF $17.68 BILLION
* Q3 SAME STORE SALES ROSE 2.2 PERCENT
* Q3 EARNINGS PER SHARE ESTIMATE $1.35 -- REFINITIV IBES DATA
* SEES FY 2019 SALES UP ABOUT 2 PERCENT
* UPDATES FISCAL 2019 BUSINESS OUTLOOK TO RAISE ADJUSTED OPERATING MARGIN & ADJUSTED EPS RANGES
* ANNOUNCES RESTRUCTURING OF CANADIAN OPERATIONS
* SEES FY COMPARABLE SALES TO INCREASE APPROXIMATELY 3 PERCENT
* DILUTED EARNINGS PER SHARE OF $5.35 TO $5.47 ARE EXPECTED FOR FISCAL YEAR ENDING JAN. 31, 2020
* ADJUSTED DILUTED EARNINGS PER SHARE OF $5.63 TO $5.70 ARE EXPECTED FOR FISCAL YEAR ENDING JAN. 31, 2020
* LOWE'S COMPANIES - $53 MILLION NON-CASH PRE-TAX CHARGES IN QUARTER RESULTED FROM CO INITIATING STRATEGIC REVIEW OF CANADIAN OPERATIONS DURING Q3
* BASED ON FINDINGS OF STRATEGIC REVIEW IN Q4 2019, CO CLOSES 34 UNDERPERFORMING STORES IN CANADA
* LOWE'S COMPANIES -BASED ON FINDINGS OF STRATEGIC REVIEW, IN Q4 2019, TO REORGANIZE CORPORATE SUPPORT STRUCTURE ACROSS CANADA
* CHARGES OF $175 MILLION TO $225 MILLION CONSISTING OF INVENTORY LIQUIDATION EXPECTED IN Q4 2019
* ADJUSTED OPERATING INCOME AS A PERCENTAGE OF SALES IS EXPECTED TO INCREASE 40 TO 60 BASIS POINTS IN FISCAL YEAR 2019
* FY EARNINGS PER SHARE VIEW $5.67, REVENUE VIEW $72.53 BILLION -- REFINITIV IBES DATA