MOORESVILLE, N.C. (AP) — Lowe's is reporting second-quarter profit of $1.42 billion, or $1.68 per share. Earnings, adjusted for non-recurring gains, were $1.57 per share, falling short of Wall Street projections for $1.62 per share, according to a survey of industry analysts by by Zacks Investment Research. The Mooresville, North Carolina, company posted revenue of $19.5 billion, just short of analyst expectations for $19.52 billion. Lowe's Cos.