Before The Bell
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

MSC Industrial Direct (MSM) Dropped Sharply On Weak Q2 Forecast

RELATED NEWS
Trade MSM now with 
1/11/2013 7:30 AM ET

MSC Industrial Direct (MSM: Quote) reported first quarter adjusted net income of $1.01 per share Thursday morning, up from $0.95 per share a year ago. The consensus estimate was for EPS of $1.01. Second quarter adjusted EPS is expected to be between $0.86 and $0.90, which is below the consensus estimate of $1.02.

MSC Industrial Direct gapped open sharply lower Thursday, but moved in a narrow range throughout the session. The stock ended the day with a loss of 3.35 at $73.65 on the highest volume of the year. Shares sank to nearly a 2-week low.

Click here to receive FREE breaking news email alerts for MSC Industrial Direct and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus