W.W. Grainger Q2 2024 Adj. EPS $9.76 Beats $9.58 Estimate, Sales $4.312B Miss $4.348B Estimate
Portfolio Pulse from Benzinga Newsdesk
W.W. Grainger (NYSE:GWW) reported Q2 2024 adjusted EPS of $9.76, beating the $9.58 estimate, but sales of $4.312 billion missed the $4.348 billion estimate. EPS increased by 5.17% year-over-year, while sales grew by 3.11%.
August 01, 2024 | 12:02 pm
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NEUTRAL IMPACT
W.W. Grainger's Q2 2024 earnings per share (EPS) of $9.76 beat analyst estimates by 1.88%, but sales of $4.312 billion missed estimates by 0.82%. EPS increased by 5.17% year-over-year, while sales grew by 3.11%.
The mixed results, with EPS beating estimates but sales missing, suggest a neutral short-term impact on the stock price. The positive EPS growth is offset by the sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100