W.W. Grainger: Q4 Earnings Snapshot
LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — W.W. Grainger Inc. (GWW) on Friday reported fourth-quarter earnings of $395 million.
On a per-share basis, the Lake Forest, Illinois-based company said it had net income of $7.89. Earnings, adjusted for non-recurring costs, were $8.33 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $8.03 per share.
The seller of maintenance and other supplies posted revenue of $4 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $4.04 billion.
For the year, the company reported profit of $1.83 billion, or $36.23 per share. Revenue was reported as $16.48 billion.
W.W. Grainger expects full-year earnings to be $38 to $40.50 per share, with revenue in the range of $17.2 billion to $17.7 billion.
_____
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