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W.W. Grainger: 4Q Earnings Snapshot

January 24, 2019

LAKE FOREST, Ill. (AP) _ W.W. Grainger Inc. (GWW) on Thursday reported fourth-quarter earnings of $209 million.

On a per-share basis, the Lake Forest, Illinois-based company said it had net income of $3.68. Earnings, adjusted for restructuring costs, came to $3.96 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.60 per share.

The seller of maintenance and other supplies posted revenue of $2.76 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $2.79 billion.

For the year, the company reported profit of $782 million, or $13.73 per share. Revenue was reported as $11.22 billion.

W.W. Grainger expects full-year earnings to be $17.10 to $18.70 per share.

W.W. Grainger shares have risen 5 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 5 percent. The stock has increased 30 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GWW at https://www.zacks.com/ap/GWW

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