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MSC Industrial: Fiscal Q2 Earnings Snapshot

April 7, 2021 GMT

MELVILLE, N.Y. (AP) _ MSC Industrial Direct Co. (MSM) on Wednesday reported fiscal second-quarter earnings of $18.1 million.

The Melville, New York-based company said it had profit of 32 cents per share. Earnings, adjusted for asset impairment costs and restructuring costs, came to $1.03 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The distributor of industrial tools and supplies posted revenue of $774 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $779.7 million.

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MSC Industrial shares have climbed nearly 9% since the beginning of the year. The stock has climbed 61% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSM at https://www.zacks.com/ap/MSM