W.W. Grainger Earnings: Profit and Revenue Bump Satisfies Investors
W.W. Grainger, Inc. (NYSE:GWW) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. However, both net income and revenue ticked higher year-over-year. Shares are up 1.95%.
W.W. Grainger, Inc. Earnings Cheat Sheet
Results: Net income increased 5.27% to $156.3 million ($2.17 per diluted share) in the quarter versus a net gain of $148.48 million in the year-earlier quarter.
Revenue: Rose 7.37% to $2.23 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: W.W. Grainger, Inc. reported adjusted net income of $2.42 per share. By that measure, the company missed the mean analyst estimate of $2.61. It missed the average revenue estimate of $2.24 billion.