Grainger (W.W.) Inc. Reveals 13% Retreat In Q3 Earnings

(RTTNews) - Grainger (W.W.) Inc. (GWW) reported a profit for third quarter that retreated compared to the same period last year.

The company said its bottom line came in at $199.32 million, or $3.03 per share. This was lower than $230.32 million, or $3.30 per share, in last year's third quarter.

Analysts had expected the company to earn $3.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.2% to $2.53 billion. This was down from $2.56 billion last year.

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

-Earnings (Q3): $199.32 Mln. vs. $230.32 Mln. last year. -Earnings Decline (Y-o-Y): -13.5% -EPS (Q3): $3.03 vs. $3.30 last year. -EPS Decline (Y-o-Y): -8.2% -Analysts Estimate: $3.06 -Revenue (Q3): $2.53 Bln vs. $2.56 Bln last year. -Revenue Change (Y-o-Y): -1.2%

-Guidance: Full year EPS guidance: $11.60 - $11.80