Grainger beats by $0.19, reports revs in-line
- Reports Q3 (Sep) earnings of $4.19 per share, $0.19 better than the S&P Capital IQ Consensus of $4.00; revenues rose 7.4% year/year to $2.83 bln vs the $2.84 bln S&P Capital IQ Consensus.
- Sales increased 7.4 percent in the 2018 third quarter versus the 2017 third quarter, driven by a 7 percentage point increase from volume and 1 percentage point increase in price, partially offset by a 1 percentage point decline from foreign exchange and the impact of hurricanes.