MSC Industrial: Fiscal 4Q Earnings Snapshot
MELVILLE, N.Y. (AP) _ MSC Industrial Direct Co. (MSM) on Tuesday reported fiscal fourth-quarter net income of $73 million.
On a per-share basis, the Melville, New York-based company said it had profit of $1.29.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of $1.29 per share.
The distributor of industrial tools and supplies posted revenue of $838 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $838.4 million.
For the year, the company reported profit of $329.2 million, or $5.80 per share. Revenue was reported as $3.2 billion.
For the current quarter ending in December, MSC Industrial said it expects revenue in the range of $821 million to $837 million. Analysts surveyed by Zacks had expected revenue of $832.2 million.
MSC Industrial shares have fallen 21 percent since the beginning of the year. The stock has declined 2.5 percent in the last 12 months.