LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — W.W. Grainger Inc. (GWW) on Tuesday reported fourth-quarter profit of $451 million.
The Lake Forest, Illinois-based company said it had net income of $9.44 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $9.43 per share.
The seller of maintenance and other supplies posted revenue of $4.43 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $4.4 billion.
For the year, the company reported profit of $1.71 billion, or $35.40 per share. Revenue was reported as $17.94 billion.
W.W. Grainger expects full-year earnings in the range of $42.25 to $44.75 per share, with revenue in the range of $18.7 billion to $19.1 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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