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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.