MSC Industrial: Fiscal 4Q Earnings Snapshot

October 30, 2018

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.


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