MSC Industrial: Fiscal Q1 Earnings Snapshot
MELVILLE, N.Y. (AP) — MELVILLE, N.Y. (AP) — MSC Industrial Direct Co. (MSM) on Tuesday reported fiscal first-quarter earnings of $69.4 million.
On a per-share basis, the Melville, New York-based company said it had profit of $1.22. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.25 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The distributor of industrial tools and supplies posted revenue of $954 million in the period, also falling short of Street forecasts. Nine analysts surveyed by Zacks expected $970.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSM at https://www.zacks.com/ap/MSM
