LAKE FOREST, Ill. (AP) _ W.W. Grainger Inc. (GWW) on Wednesday reported fourth-quarter net income of $168 million.
On a per-share basis, the Lake Forest, Illinois-based company said it had net income of $3.12. Earnings, adjusted for restructuring costs, came to $3.66 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.79 per share.
The seller of maintenance and other supplies posted revenue of $2.94 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $2.91 billion.
For the year, the company reported profit of $695 million, or $12.82 per share. Revenue was reported as $11.8 billion.
W.W. Grainger shares have fallen roughly 9% since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 2%. The stock has increased 23% 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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