MSC Industrial Direct (MSM) reported second quarter adjusted EPS of $0.90 Wednesday morning, down from $0.95 a year ago. The consensus estimate was for EPS of $0.90. Third quarter adjusted EPS is expected to be between $0.95 and $0.99. The consensus estimate is for EPS of $1.11.
MSC Industrial Direct gapped open sharply lower Wednesday, but traded in a range for the majority of the session. The stock closed down by 3.29 at $79.89 on above average volume and fell to a 2-month low.
For comments and feedback: editorial@rttnews.com