W.W. Grainger (GWW) reported Q3 earnings Thursday of $9.87 per diluted share, up from $9.43 a year earlier.
Analysts polled by Capital IQ expected $9.96.
Net sales for the quarter ended Sept. 30 were $4.39 billion, up from $4.21 billion a year earlier.
Analysts surveyed by Capital IQ expected $4.4 billion.
The company said it now expects 2024 adjusted earnings of $38.65 to $39.35 per diluted share, compared with its prior guidance of $38 to $39.50. Analysts polled by Capital IQ expect $38.70.
Net sales for the year are now expected to be $17.1 billion to $17.3 billion, compared with its earlier expectation of between $17 billion and $17.3 billion. Analysts surveyed by Capital IQ expect $17.19 billion.
Shares of the company were down 1.8% in recent Thursday premarket activity.
Price: 1,080.00, Change: -19.34, Percent Change: -1.76
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