LAKE FOREST, Ill. (AP) _ W.W. Grainger Inc. (GWW) on Thursday reported third-quarter profit of $240 million.
The Lake Forest, Illinois-based company said it had net income of $4.41 per share. Earnings, adjusted for non-recurring costs, were $4.52 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.13 per share.
The seller of maintenance and other supplies posted revenue of $3.02 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $2.97 billion.
W.W. Grainger shares have increased 10% since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 6%. The stock has climbed 18% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GWW at https://www.zacks.com/ap/GWW
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