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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| WW Grainger Inc | NYSE:GWW | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 8.04 | 0.87% | 931.94 | 936.46 | 926.52 | 929.74 | 129,652 | 01:00:00 |
From May 2019 to May 2024
By Patrick Thomas
W.W. Grainger Inc. (GWW) reported earnings of $104.4 million, or $1.82 a share, in the third quarter, down 36% from a year earlier, after the company booked a $139 million impairment charge related to its Cromwell business in the U.K.
On an adjusted basis, the Lake Forest, Ill.-based industrial supply company reported earnings of $4.19 a share. Analysts polled by Refinitiv were expecting adjusted earnings of $3.94 a share.
The company attributed the Cromwell-related charge to "a slower growth trajectory and structural issues," including the prolonged Brexit uncertainty.
Revenue rose 7% to $2.83 billion. Analysts were expecting $2.84 billion in revenue.
Shares in W.W. Grainger fell 7.4% in premarket trading. The company's stock is up nearly 35% so far this year.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
October 16, 2018 09:07 ET (13:07 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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