MSC Industrial (MSM) Tops Q2 EPS by 1c

MSC Industrial (NYSE: MSM) reported Q2 EPS of $1.00, $0.01 better than the analyst estimate of $0.99. Revenue for the quarter came in at $786.1 million versus the consensus estimate of $790.41 million.

Outlook:

Gershwind concluded, "Given the unprecedented uncertainly that we are all facing right now, the lack of visibility we have going forward, and how fast things are changing, we do not think quarterly guidance would provide much value. We do, however, understand the need for transparency right now. Therefore, until we get through this period of heightened uncertainty, we will be providing monthly updates on average daily sales developments following our month-end close, as well as comments on the business trends that we have seen over the course of the month."

For earnings history and earnings-related data on MSC Industrial (MSM) click here.

You May Also Be Interested In

• Citigroup (C) Tops Q2 EPS by 42c
• HSBC downgrades IBM to Reduce, says "synthetic IBM" offers better value
• ADI Global sets revenue and earnings targets ahead of Resideo spin-off