LAKE FOREST, Ill. (AP) _ W.W. Grainger Inc. (GWW) on Thursday reported fourth-quarter profit of $103 million.
On a per-share basis, the Lake Forest, Illinois-based company said it had profit of $1.88. Earnings, adjusted for restructuring costs, came to $3.88 per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.03 per share.
The seller of maintenance and other supplies posted revenue of $2.85 billion in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $2.84 billion.
For the year, the company reported profit of $849 million, or $15.32 per share. Revenue was reported as $11.49 billion.
W.W. Grainger expects full-year earnings to be $17.75 to $19.25 per share.
W.W. Grainger shares have declined slightly more than 3% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 1%. The stock has climbed 11% 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
Automated Insights, source Associated Press News