W.W. Grainger Q3 EPS $9.43 Beats $8.93 Estimate, Sales $4.21B Miss $4.22B Estimate
Portfolio Pulse from Benzinga Newsdesk
W.W. Grainger reported Q3 earnings of $9.43 per share, beating the analyst consensus estimate of $8.93 by 5.6%. This is a 14.03% increase from the same period last year. However, the company's quarterly sales of $4.21 billion missed the analyst consensus estimate of $4.22 billion by 0.28%, though it's a 6.75% increase from last year.
October 26, 2023 | 12:06 pm
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W.W. Grainger's Q3 earnings beat estimates, but sales slightly missed expectations. Earnings and sales both increased YoY.
W.W. Grainger's earnings beat estimates, which is positive for the stock. However, the slight miss on sales could offset this positive impact. The YoY increase in both earnings and sales indicates growth, which is generally positive for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100