MSC Industrial Direct (MSM) Misses Q2 EPS by 1c; Issues Light Q3 Outlook

MSC Industrial Direct (NYSE: MSM) reported Q2 EPS of $0.84, $0.01 worse than the analyst estimate of $0.85. Revenue for the quarter came in at $706.4 million versus the consensus estimate of $718.2 million.

MSC expects net sales for fiscal third quarter 2015 to be between $740 million and $752 million. At the midpoint, average daily sales growth is expected to be 3.6%. The Company expects GAAP and adjusted diluted earnings per share for the fiscal third quarter 2015 to be between $0.95 and $0.99.

*** The Street sees Q3 revenue of $780.2 million and EPS of $1.09.

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

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