Grainger (W.W.) Inc. Profit Declines 10% In Q2

(RTTNews) - Grainger (W.W.) Inc. (GWW) announced earnings for second quarter that fell from last year.

The company said its earnings dropped to $161.13 million, or $2.74 per share. This was lower than $178.51 million, or $2.89 per share, in last year's second quarter.

Analysts had expected the company to earn $2.65 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.3% to $2.62 billion. This was up from $2.56 billion last year.

Grainger (W.W.) Inc. earnings at a glance:

-Earnings (Q2): $161.13 Mln. vs. $178.51 Mln. last year. -Earnings Decline (Y-o-Y): -9.7% -EPS (Q2): $2.74 vs. $2.89 last year. -EPS Decline (Y-o-Y): -5.2% -Analysts Estimate: $2.65 -Revenue (Q2): $2.62 Bln vs. $2.56 Bln last year. -Revenue Change (Y-o-Y): 2.3%

-Guidance: Full year EPS guidance: $10.00 - $11.30