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W.W. Grainger: 2Q Earnings Snapshot

July 24, 2019

LAKE FOREST, Ill. (AP) _ W.W. Grainger Inc. (GWW) on Wednesday reported second-quarter profit of $260 million.

The Lake Forest, Illinois-based company said it had profit of $4.67 per share. Earnings, adjusted for restructuring gains, came to $4.64 per share.

The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $4.65 per share.

The seller of maintenance and other supplies posted revenue of $2.89 billion in the period, also falling short of Street forecasts. Nine analysts surveyed by Zacks expected $2.99 billion.

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

W.W. Grainger shares have declined slightly more than 1% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 20%. The stock has decreased 19% 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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