Grainger (W.W.) Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Grainger (W.W.) Inc. (GWW) released a profit for third quarter that dropped from last year.

The company's earnings totaled $103.50 million, or $1.82 per share. This compares with $160.60 million, or $2.79 per share, in last year's third quarter.

Excluding items, Grainger (W.W.) Inc. reported adjusted earnings of $240.41 million or $4.19 per share for the period.

Analysts had expected the company to earn $3.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.2% to $2.83 billion from $2.64 billion last year.

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

-Earnings (Q3): $240.41 Mln. vs. $168.53 Mln. last year. -EPS (Q3): $4.19 vs. $2.90 last year. -Analysts Estimate: $3.94 -Revenue (Q3): $2.83 Bln vs. $2.64 Bln last year.