W.W. Grainger Earnings: Profit and Revenue Bump Satisfies Investors

W.W. Grainger, Inc. (NYSE:GWW) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. However, both net income and revenue ticked higher year-over-year. Shares are up 1.95%.

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W.W. Grainger, Inc. Earnings Cheat Sheet

Results: Net income increased 5.27% to $156.3 million ($2.17 per diluted share) in the quarter versus a net gain of $148.48 million in the year-earlier quarter.

Revenue: Rose 7.37% to $2.23 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: W.W. Grainger, Inc. reported adjusted net income of $2.42 per share. By that measure, the company missed the mean analyst estimate of $2.61. It missed the average revenue estimate of $2.24 billion.

Key Stats:

Revenue decreased 2.24% from $2.28 billion in the previous quarter. Net income increased 0.59% from $155.39 million in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $2.9 to a profit $2.77. For the current year, the average estimate has moved up from a profit of $10.57 to a profit of $10.61 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)