Grainger (W.W.) Inc. Q2 adjusted earnings Beat Estimates
Grainger (W.W.) Inc. (GWW) revealed a profit for its second quarter that rose from last year.
The company’s earnings came in at $236.98 million, or $4.16 per share. This compares with $97.92 million, or $1.67 per share, in last year’s second quarter.
Excluding items, Grainger (W.W.) Inc. reported adjusted earnings of $249 million or $4.37 per share for the period.
Analysts had expected the company to earn $3.72 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 9.2% to $2.86 billion from $2.62 billion last year.
Grainger (W.W.) Inc. earnings at a glance:
-Earnings (Q2): $249 Mln. vs. $161 Mln. last year.
-EPS (Q2): $4.37 vs. $2.74 last year.
-Analysts Estimate: $3.72
-Revenue (Q2): $2.86 Bln vs. $2.62 Bln last year.
Full year EPS guidance: $15.05 – $16.05
Full year revenue guidance: $11.0 – $11.3 Bln
by RTTNews Staff Writer
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