W.W. Grainger Inc. (GWW) reported fourth quarter adjusted EPS of $2.80 Monday morning, up from $2.59 in the previous year. The consensus estimate was for EPS of $2.83. The company also lowered its full year 2015 EPS forecast to between $12.60 and $13.60, down from prior expectations of $12.90 to $13.80. The consensus estimate is for EPS of $13.48.
W.W. Grainger gapped open sharply lower Monday and slipped further around midday. The stock ended the day with a loss of 11.18 at $234.81 on strong volume. W.W. Grainger dropped to a 3-month low.
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