WASHINGTON (dpa-AFX) - Grainger (W.W.) Inc. (GWW) revealed earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $488 million, or $9.61 per share. This compares with $366 million, or $7.07 per share, in last year's first quarter.
Analysts on average had expected the company to earn $8.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.1% to $4.09 million from $3.65 million last year.
Grainger (W.W.) Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $488 Mln. vs. $366 Mln. last year. -EPS (Q1): $9.61 vs. $7.07 last year. -Analyst Estimate: $8.51 -Revenue (Q1): $4.09 Mln vs. $3.65 Mln last year.
-Guidance: Full year EPS guidance: $34.25 - $36.75 Full year revenue guidance: $16.2 - $16.8 Bln
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX