Grainger (W.W.) Inc. Q1 adjusted earnings Miss Estimates

(RTTNews) - Grainger (W.W.) Inc. (GWW) announced earnings for first quarter that declined from the same period last year.

The company's profit totaled $173 million, or $3.19 per share. This compares with $253 million, or $4.48 per share, in last year's first quarter.

Excluding items, Grainger (W.W.) Inc. reported adjusted earnings of $230 million or $4.24 per share for the period.

Analysts had expected the company to earn $4.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.1% to $3.00 billion from $2.80 billion last year.

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

-Earnings (Q1): $230 Mln. vs. $255 Mln. last year. -EPS (Q1): $4.24 vs. $4.51 last year. -Analysts Estimate: $4.43 -Revenue (Q1): $3.00 Bln vs. $2.80 Bln last year.