Wednesday, Msc Industrial Direct Co. Inc.(MSM) said its fourth-quarter net income slid to $25.99 million or $0.41 per share from $50.53 million or $0.80 per share in the prior year period. On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.36 per share for the quarter.
Net sales for the quarter declined to $354.09 million from $448.56 million in the comparable period. Six analysts estimated revenues of $343.42 million for the quarter.
For the fiscal 2010 first quarter, the company currently expects, earnings per share to be between $0.46 and $0.50 and projects net sales to be in the range of $378.0 million -$390.0 million. Analysts estimate earnings per share of $0.42 on revenues of $355.59 million for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.