Grainger Inc. (GWW) has reported an increase in earnings for the third quarter compared to the same period last year, although the results fell short of analysts' expectations.
The company's net income amounted to $486 million, or $9.87 per share, compared to $476 million, or $9.43 per share, in the previous year's third quarter.
According to data from Thomson Reuters, analysts had projected an earnings per share (EPS) of $9.97. It is worth noting that analysts' projections usually do not account for special items.
Revenue for the quarter grew by 4.3%, reaching $4.388 billion, up from $4.208 billion in the prior year.
Here is a summary of Grainger Inc.'s earnings (GAAP):
- Earnings for Q3: $486 million compared to $476 million last year.
- Earnings Per Share (EPS) for Q3: $9.87 versus $9.43 last year.
- Revenue for Q3: $4.388 billion against $4.208 billion last year.
**Outlook:**
- Full year EPS is expected to be between $38.65 and $39.35.
- Full-year revenue is projected to range from $17.1 billion to $17.3 billion.
