W.W. Grainger Q4 Profit Badly Misses; Shares Tumble (GWW)

W.W. Grainger Q4 Profit Badly Misses; Shares Tumble (GWW)

RSS

Facilities maintenance supplier W.W. Grainger, Inc. (GWW) on Thursday posted disappointing fourth quarter earnings results, sending its shares lower in morning traing.

The Lake Forest, IL-based company reported fiscal fourth quarter net income of $153.56 million, or $2.17 per share, compared with $145.76 million, or $2.04 per share, in the year-ago period. Excluding special items, adjusted profit was $2.42 per share.

Revenue rose 7% from last year to $2.23 billion.

On average, Wall Street analysts expected a much higher profit of $2.61 per share, on slightly larger revenue of $2.24 billion.

Looking ahead, GWW maintained its full-year 2013 earnings forecast for $10.85 to $12.00 per share while lifting its sales growth expectation to a range of 3% to 9% (up from 2% to 8%). Wall Street analysts are looking for 2013 earnings of $11.74 per share.

W.W. Grainger shares fell $5.78, or -2.8%, in early trading Thursday.

The Bottom Line
Shares of W.W. Grainger (GWW) have a 1.53% dividend yield, based on last night’s closing stock price of $209.79. The stock has technical support in the $190-$200 price area. The stock is trading near the all-time high range of $215-$220 a share.

W.W. Grainger, Inc. (GWW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today