MSC Reports Fiscal 2017 Third Quarter Results

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Go back to MSC Reports Fiscal 2017 Third Quarter Results

MSC Industrial (MSM) PT Lowered to $85 at Baird Following 3Q Results

July 13, 2017 9:14 AM EDT

Baird lowered its price target on MSC Industrial (NYSE: MSM) to $85.00 (from $92.00) while maintaining a Neutral rating following the company's 3Q earnings report. EPS of $1.09 was in line with consensus, as expense controls more than offset lower gross margin, while sales were also... More

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

July 12, 2017 6:45 AM EDT

(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... More