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.
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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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