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MSC sales miss, outlook dim

The distributor of supplies for metalworking maintenance and operations said Q1 EPS climbed 6% to $1.10, in line with views. Revenue rose nearly 6% as well to $577.5 mil, but missed expectations of $582.26 mil. The company sees Q2 EPS of 86-90 cents, well under analyst estimates of $1.02. MSC (MSM) is projecting revenue of $563 mil$575 mil. Shares fell 4.4% to 73.65.