MSC Industrial Direct Co. Inc.'s (MSM) first-quarter net income decreased to $31.42 million from $45.1 million a year ago. Earnings per share in the first quarter were $0.50 compared with $0.72 in the same period a year ago. On average, 10 analysts polled by Thomson Reuters expected earnings per share of $0.49 for the quarter. Analysts' estimate typically excludes one-time items.
For the fiscal 2010 first quarter, net sales were $384.82 million, compared with $433.02 million in the prior year period. Six analysts estimated revenues of $384.29 million for the quarter.
For the second quarter of fiscal 2010, the company expects earnings per share to be between $0.43 and $0.47 and net sales between $384.0 million and $396.0 million. Nine analysts estimate earnings per share of $0.49 for the quarter. Six analysts expect revenues of $380.89 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.