MSC Industrial Direct (MSM) 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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.