Grainger (GWW) Misses Q1 EPS by 11c, Cuts FY Guidance

Grainger (NYSE: GWW) reported Q1 EPS of $2.88, $0.11 worse than the analyst estimate of $2.99. Revenue for the quarter came in at $2.54 billion versus the consensus estimate of $2.56 billion.

GUIDANCE:

Grainger sees 2017 EPS of $10.00-$11.30, versus the consensus of $11.84.

• sales growth of 1 to 4 percent

(The company's previous 2017 guidance, communicated on January 25, 2017, was sales growth of 2 to 6 percent and earnings per share of $11.30 to $12.40.)

For earnings history and earnings-related data on Grainger (GWW) click here.

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