Grainger (W.W.) Inc. Profit Declines 20% In Q2

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

The company said its profit dropped to $178.51 million, or $2.89 per share. This was lower than $222.22 million, or $3.27 per share, in last year's second quarter.

Analysts had expected the company to earn $3.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.6% to $2.56 billion. This was up from $2.52 billion last year.

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

-Earnings (Q2): $178.51 Mln. vs. $222.22 Mln. last year. -Earnings Decline (Y-o-Y): -19.7% -EPS (Q2): $2.89 vs. $3.27 last year. -EPS Decline (Y-o-Y): -11.6% -Analysts Estimate: $3.17 -Revenue (Q2): $2.56 Bln vs. $2.52 Bln last year. -Revenue Change (Y-o-Y): 1.6%

-Guidance: Full year EPS guidance: $11.20 - $12.20