AP NEWS

W.W. Grainger: 3Q Earnings Snapshot

October 23, 2019 GMT

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.

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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 GWW at https://www.zacks.com/ap/GWW