W.W. Grainger Q2 EPS $9.28 Beats $9.13 Estimate, Sales $4.18B Miss $4.21B Estimate
Portfolio Pulse from Benzinga Newsdesk
W.W. Grainger reported Q2 earnings of $9.28 per share, beating the analyst consensus estimate of $9.13 by 1.64%. However, the company's quarterly sales of $4.18 billion missed the estimate of $4.21 billion by 0.67%. The earnings and sales represent a 29.07% and 8.99% increase respectively from the same period last year.
July 27, 2023 | 12:05 pm
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W.W. Grainger's Q2 earnings beat estimates but sales missed, indicating mixed performance.
The company's earnings beat could boost investor confidence, but the sales miss might raise concerns about future growth. The net impact on the stock is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100