Grainger (W.W.) Inc. Reveals 14% Decline In Q1 Profit

(RTTNews) - Grainger (W.W.) Inc. (GWW) reported a profit for first quarter that retreated from last year.

The company said its earnings dropped to $171.59 million, or $2.88 per share. This was down from $199.24 million, or $3.18 per share, in last year's first quarter.

Analysts had expected the company to earn $2.9 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.2% to $2.54 billion. This was up from $2.51 billion last year.

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

-Earnings (Q1): $171.59 Mln. vs. $199.24 Mln. last year. -Earnings Decline (Y-o-Y): -13.9% -EPS (Q1): $2.88 vs. $3.18 last year. -EPS Decline (Y-o-Y): -9.4% -Analysts Estimate: $2.9 -Revenue (Q1): $2.54 Bln vs. $2.51 Bln last year. -Revenue Change (Y-o-Y): 1.2%