W.W. Grainger: Q2 Earnings Snapshot

LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — W.W. Grainger Inc. (GWW) on Thursday reported second-quarter profit of $470 million.

The Lake Forest, Illinois-based company said it had net income of $9.51 per share. Earnings, adjusted for non-recurring costs, came to $9.76 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $9.58 per share.

The seller of maintenance and other supplies posted revenue of $4.31 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $4.35 billion.

W.W. Grainger expects full-year earnings in the range of $38 to $39.50 per share, with revenue in the range of $17 billion to $17.3 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GWW at https://www.zacks.com/ap/GWW