W.W. Grainger Inc. (GWW) reported third quarter adjusted EPS of $3.03 Friday morning, down from $3.30 a year ago. Analysts expected EPS of $3.06. Full year EPS is now expected to be between $11.60 and $11.80. The consensus estimate is for EPS of $12.07.
W.W. Grainger gapped down sharply Friday and fell during the first half of the morning, before settling into a range. Shares finished with a loss of 13.98 at $207.65 on the highest volume of the year. The stock closed testing the lows of the year, trading at a 2-week low.
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