logo
Plus   Neg
Share
Email

MSC Industrial Guides Q2 Outlook Below View - Quick Facts

While reporting financial results for the first quarter of fiscal 2020 on Wednesday, MSC Industrial Supply Co. (MSM) provided earnings and sales outlook for the second quarter.

For the second quarter, the company expects earnings in a range of $0.97 to $1.03 per share on net sales between $781 million and $798 million. At the midpoint, average daily sales are expected to decrease roughly 2.5 percent compared to last year's second quarter.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.14 per share on sales of $812.99 million for the quarter. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
U.S. auto safety regulator has opened an investigation into about 115,000 Tesla electric vehicles over a front suspension safety issue. The probe covers 2015 through 2017 Model S sedans and 2016 through 2017 Model X SUVs. The investigation comes after Tesla reportedly started a recall over the issue for vehicles in China. Santa Cruz Bicycles LLC has recalled certain model year 2020 bicycles with aluminum frames citing fall risks, according to the U.S. Consumer Product Safety Commission. The recall involves about 2,900 units of model year 2020 Auminum Santa Cruz and Juliana Bicycles. In addition, about 216 were sold in Canada. AstraZeneca is mulling an additional global trial to confirm the 90% efficacy rate of its Covid-19 vaccine candidate at lower dosage, Bloomberg news quoted Chief Executive Officer Pascal Soriot as saying. In an interview, Soriot noted that instead of adding the trial to an ongoing U.S. process, the company might launch a fresh study to evaluate efficacy of lower dosage of its vaccine that perform
Follow RTT