LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — W.W. Grainger Inc. (GWW) on Thursday reported first-quarter earnings of $555 million.
On a per-share basis, the Lake Forest, Illinois-based company said it had net income of $11.65.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $10.20 per share.
The seller of maintenance and other supplies posted revenue of $4.74 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $4.57 billion.
W.W. Grainger expects full-year earnings in the range of $44.25 to $46.25 per share, with revenue in the range of $19.2 billion to $19.6 billion.
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