11:34 am MSC Industrial trades higher following Q3 results
Shares of MSC Industrial (MSM 69.70, +1.72) are trading roughly 2.5% higher this afternoon following the company's better than expected third quarter results. MSM also issued certain guidance for the fourth quarter.
MSM reported better than expected earnings per share (EPS) of $1.03, on slightly better than expected revenues of $745.5 million. Guidance called for EPS in the range of $0.95-0.99 and revenues of $740-752 million. The company has either met or slightly exceeded EPS and revenue guidance in each of the …More