Grainger (W.W.) Inc. (GWW) revealed a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $384 million, or $7.54 per share. This compares with $283 million, or $5.44 per share, in last year's fourth quarter.
Excluding items, Grainger (W.W.) Inc. reported adjusted earnings of $7.14 per share for the period.
Analysts on average had expected the company to earn $7.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 13.1% to $3.80 billion from $3.36 billion last year.
Grainger (W.W.) Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $384 Mln. vs. $283 Mln. last year.
-EPS (Q4): $7.54 vs. $5.44 last year.
-Analyst Estimate: $7.01
-Revenue (Q4): $3.80 Bln vs. $3.36 Bln last year.
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