MSC Industrial Direct Company Inc. (MSM) revealed earnings for its second quarter that increased from the same period last year.
The company's earnings came in at $117.6 million, or $2.06 per share. This compares with $53.6 million, or $0.93 per share, in last year's second quarter.
Excluding items, MSC Industrial Direct Company Inc. reported adjusted earnings of $76.25 million or $1.34 per share for the period.
Analysts had expected the company to earn $1.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.0% to $739.03 million from $703.8 million last year.
MSC Industrial Direct Company Inc. earnings at a glance:
-Earnings (Q2): $76.25 Mln. vs. . last year.
-Analysts Estimate: $1.31
-Revenue (Q2): $739.03 Mln vs. $703.8 Mln last year.
-Guidance:
Next quarter EPS guidance: $1.37 and $1.43
Next quarter revenue guidance: $789 - $803 Mln
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