MSC Industrial Direct Company Inc. Q3 Earnings Rise 2%

(RTTNews) - MSC Industrial Direct Company Inc. (MSM) released a profit for its third quarter that rose from last year.

The company said its bottom line came in at $64.8 million, or $1.05 per share. This was up from $63.5 million, or $1.03 per share, in last year's third quarter.

Analysts had expected the company to earn $1.00 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.4% to $727.5 million. This was down from $745.5 million last year.

MSC Industrial Direct Company Inc. earnings at a glance:

-Earnings (Q3): $64.8 Mln. vs. $63.5 Mln. last year. -Earnings Growth (Y-o-Y): 2.0% -EPS (Q3): $1.05 vs. $1.03 last year. -EPS Growth (Y-o-Y): 1.9% -Analysts Estimate: $1.00 -Revenue (Q3): $727.5 Mln vs. $745.5 Mln last year. -Revenue Change (Y-o-Y): -2.4%

-Guidance: Next quarter EPS guidance: $0.96 - $1.00 Next quarter revenue guidance: $730 - $742 Mln