Grainger (GWW) Tops Q3 EPS by 7c; Trims FY16 Outlook

Grainger (NYSE: GWW) reported Q3 EPS of $3.06, $0.07 better than the analyst estimate of $2.99. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.59 billion.

GUIDANCE:

Grainger sees FY2016 EPS of $11.40 - $11.70, versus prior guidance of $11.20 - $12.20 and the consensus of $11.54. The company now expects 2016 sales growth of 1.5 to 2.5 percent, versus 1 to 4 percent of growth previously expected.

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

You May Also Be Interested In

• Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
• HP Inc. projects mid-single-digit PC market decline in 2027
• DA Davidson Reiterates Buy Rating on Vulcan Materials Company (VMC)