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Wednesday, January 24, 2018

-=W.W. Grainger (GWW) reported earnings on Wed 24 Jan 2018 (BMO)

LAKE FOREST, Ill. (AP) _ W.W. Grainger Inc. (GWW) on Wednesday reported fourth-quarter earnings of $151.1 million.
On a per-share basis, the Lake Forest, Illinois-based company said it had net income of $2.63. Earnings, adjusted for one-time gains and costs, were $2.94 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.18 per share.
The seller of maintenance and other supplies posted revenue of $2.63 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $2.57 billion.
For the year, the company reported profit of $585.7 million, or $10.02 per share. Revenue was reported as $10.42 billion.
W.W. Grainger expects full-year earnings to be $12.95 to $14.15 per share.
W.W. Grainger shares have dropped nearly 3 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 6 percent. The stock has decreased nearly 7 percent in the last 12 months.

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