MELVILLE, N.Y. (AP) — MELVILLE, N.Y. (AP) — MSC Industrial Direct Co. (MSM) on Thursday reported fiscal fourth-quarter earnings of $56.5 million.
The Melville, New York-based company said it had profit of $1.01 per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to $1.09 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The distributor of industrial tools and supplies posted revenue of $978.2 million in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $964.9 million.
For the year, the company reported profit of $199.3 million, or $3.57 per share. Revenue was reported as $3.77 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 MSM at https://www.zacks.com/ap/MSM
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