MSC Industrial (MSM) Reports In-Line Q3 EPS, Offers Q4 Guidance

(Updated - July 12, 2017 6:47 AM EDT)

MSC Industrial (NYSE: MSM) reported Q3 EPS of $1.09, in-line with the analyst estimate of $1.09. Revenue for the quarter came in at $743.9 million versus the consensus estimate of $744.53 million.

Outlook

Based on current market conditions, the Company expects net sales for the fourth quarter of fiscal 2017 to be between $732 million and $746 million. At the midpoint, average daily sales are expected to increase roughly 7 percent compared to last year's fourth quarter. The Company expects diluted earnings per share for the fourth quarter of fiscal 2017 to be between $0.97 and $1.01.

(Street sees Q4 EPS of $1.06 on revenue of $735.68 million.)

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

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