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MSC Industrial Direct Company Inc. Q2 adjusted earnings Beat Estimates

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.

Next quarter EPS guidance: $1.37 and $1.43
Next quarter revenue guidance: $789 - $803 Mln

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