UPDATE: Grainger (GWW) Tops Q3 EPS by 34c, Slight Miss on Revenues; Narrows FY17 Sales Growth/EPS Guidance Range, EPS Remains Above Consensus
Grainger (NYSE: GWW) reported Q3 EPS of $2.90, $0.34 better than the analyst estimate of $2.56. Revenue for the quarter came in at $2.64 billion versus the consensus estimate of $2.65 billion.
The company now expects 2017 sales growth of 1.5 to 2.5 percent and earnings per share of $10.40 to $10.90. The midpoint of 2017 earnings per share guidance remains unchanged at $10.65. The company\'s previous 2017 guidance included sales growth of 1 to 4 percent and earnings per share of $10.00 to $11.30.
GUIDANCE:
Grainger sees FY2017 EPS of $10.40-$10.90, versus the consensus of $10.37.
For earnings history and earnings-related data on Grainger (GWW) click here.