W.W. Grainger: Q3 Earnings Snapshot

Associated Press Finance

2024-10-31

LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — W.W. Grainger Inc. (GWW) on Thursday reported third-quarter profit of $486 million.

The Lake Forest, Illinois-based company said it had net income of $9.87 per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $9.98 per share.

The seller of maintenance and other supplies posted revenue of $4.39 billion in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $4.4 billion.

W.W. Grainger expects full-year earnings in the range of $38.65 to $39.35 per share, with revenue in the range of $17.1 billion to $17.3 billion.

_____

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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Grainger: Q3 Earnings Snapshot\n</h2>\n<h4 class=\"meta\">\n</h4><p class=\"head\">\n<strong class=\"h-name small\">Associated Press Finance</strong><span class=\"h-time small\">2024-10-31 20:11</span>\n</p>\n</header>\n<article>\n<p>LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — W.W. Grainger Inc. (GWW) on Thursday reported third-quarter profit of $486 million.</p>\n<p>The Lake Forest, Illinois-based company said it had net income of $9.87 per share.</p>\n<p>The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $9.98 per share.</p>\n<p>The seller of maintenance and other supplies posted revenue of $4.39 billion in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $4.4 billion.</p>\n<p>W.W. Grainger expects full-year earnings in the range of $38.65 to $39.35 per share, with revenue in the range of $17.1 billion to $17.3 billion.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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