MSC INDUSTRIAL SUPPLY Q3 Profit Misses Estimates; Sales Up 10%

(RTTNews) - MSC INDUSTRIAL SUPPLY CO. (MSM) reported third quarter net income attributable to MSC of $95.2 million, down 4.5% from prior year. Earnings per share was $1.69 compared to $1.78. Adjusted EPS was $1.74 compared to $1.82, last year. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $1.75, for the quarter. Analysts' estimates typically exclude special items.

Net sales were $1.05 billion, up 10% from last year. Analysts on average had estimated $1.02 billion in revenue.

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