Grainger (W.W.) Inc. Q3 Profit Retreats 10%

(RTTNews) - Grainger (W.W.) Inc. (GWW) released earnings for third quarter that dropped compared to the same period last year.

The company said its earnings declined to $168.53 million, or $2.90 per share. This was lower than $186.41 million, or $3.06 per share, in last year's third quarter.

Analysts had expected the company to earn $2.56 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.5% to $2.64 billion. This was up from $2.60 billion last year.

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

-Earnings (Q3): $168.53 Mln. vs. $186.41 Mln. last year. -Earnings Decline (Y-o-Y): -9.6% -EPS (Q3): $2.90 vs. $3.06 last year. -EPS Decline (Y-o-Y): -5.2% -Analysts Estimate: $2.56 -Revenue (Q3): $2.64 Bln vs. $2.60 Bln last year. -Revenue Change (Y-o-Y): 1.5%

-Guidance: Full year EPS guidance: $10.40 to $10.90.