W.W. Grainger, Inc. (NYSE:GWW) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
W.W. Grainger, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 14.4% to $2.94 in the quarter versus EPS of $2.57 in the year-earlier quarter.
Revenue: Rose 3.95% to $2.28 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: W.W. Grainger, Inc. reported adjusted EPS income of $2.94 per share. By that measure, the company beat the mean analyst estimate of $2.74. It missed the average revenue estimate of $2.31 billion.
Quoting Management: “On behalf of Grainger, I am pleased to congratulate our Investor Relations team led by Laura Brown and specifically recognize Bill Chapman for this well-deserved recognition,” said Jim Ryan, Grainger Chairman, President and Chief Executive Officer. “We engage with our shareholders on a regular basis, and Laura and Bill and their team do a great job of leading the process.”
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