Grainger (GWW) Tops Q2 EPS by 55c; Raises Outlook

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Go back to Grainger (GWW) Tops Q2 EPS by 55c; Raises Outlook

Grainger (GWW) Stock Jumps on Earnings, Revenue Beat as Momentum 'Remains Real'

July 29, 2022 11:07 AM EDT

Grainger (NYSE: GWW) shares rallied 6% Friday following its second-quarter earnings report in which it beat consensus estimates.

The company posted earnings of $7.19 per share, $0.55 above the analyst estimate of $6.64. At the same time, revenue was also a beat, coming in at $3.8 billion, up 19.6%, compared to the second quarter of 2021, beating the consensus estimate of $3.7 billion.

Grainger's High-Touch Solutions segment saw sales... More