W.W. Grainger: 3Q Earnings Snapshot
LAKE FOREST, Ill. (AP) _ W.W. Grainger Inc. (GWW) on Wednesday reported third-quarter earnings of $233 million.
The Lake Forest, Illinois-based company said it had net income of $4.25 per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.44 per share.
The seller of maintenance and other supplies posted revenue of $2.95 billion in the period, which matched Street forecasts.
W.W. Grainger expects full-year earnings to be $17.10 to $18.70 per share.
W.W. Grainger shares have risen 13% since the beginning of the year, while the Standard & Poor’s 500 index has increased 20%. The stock has increased 16% in the last 12 months.