MELVILLE, N.Y. (AP) — MELVILLE, N.Y. (AP) — MSC Industrial Direct Co. (MSM) on Tuesday reported fiscal third-quarter earnings of $56.8 million.
On a per-share basis, the Melville, New York-based company said it had net income of $1.02. Earnings, adjusted for restructuring costs and non-recurring costs, came to $1.08 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The distributor of industrial tools and supplies posted revenue of $971.1 million in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $970.1 million.
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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 MSM at https://www.zacks.com/ap/MSM
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