WW Grainger (NYSE:GWW) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
WW Grainger announced earnings per share of $4.24 on revenue of $3.00B. Analysts polled by anticipated EPS of $4.55 on revenue of $2.89B. That with comparison to EPS of $4.51 on revenue of $2.8B in the same period a year before. WW Grainger had reported EPS of $3.88 on revenue of $2.85B in the previous quarter. Analysts are expecting EPS of $3.73 and revenue of $2.68B in the upcoming quarter.
WW Grainger shares are down 18% from the beginning of the year , still down 20.33% from its 52 week high of $346.60 set on January 10. They are under-performing the S&P 500 which is down 13.73% year to date.
WW Grainger follows other major Consumer Cyclical sector earnings this month
WW Grainger's report follows an earnings missed by O’Reilly Automotive on Wednesday, who reported EPS of $3.97 on revenue of $2.48B, compared to forecasts EPS of $4.05 on revenue of $2.47B.
PACCAR had missed expectations on Tuesday with first quarter EPS of $1.03 on revenue of $4.78B, compared to forecast for EPS of $1.22 on revenue of $4.99B.
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