Grainger (GWW) Tops Q3 EPS by 7c; Trims FY16 Outlook

Grainger (NYSE: GWW) reported Q3 EPS of $3.06, $0.07 better than the analyst estimate of $2.99. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.59 billion.

GUIDANCE:

Grainger sees FY2016 EPS of $11.40 - $11.70, versus prior guidance of $11.20 - $12.20 and the consensus of $11.54. The company now expects 2016 sales growth of 1.5 to 2.5 percent, versus 1 to 4 percent of growth previously expected.

For earnings history and earnings-related data on Grainger (GWW) click here.

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