LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — W.W. Grainger Inc. (GWW) on Thursday reported first-quarter net income of $478 million.
On a per-share basis, the Lake Forest, Illinois-based company said it had profit of $9.62.
The results surpassed 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 $4.24 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $4.27 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.
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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
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