Investing.com - MSC Industrial Direct reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
MSC Industrial Direct announced earnings per share of $1.79 on revenue of $1.02. Analysts polled by Investing.com anticipated EPS of $1.78 on revenue of $1.01B.
MSC Industrial Direct shares are down 7.8% from the beginning of the year and are trading at $77.50 , down-from-52-week-high.
MSC Industrial Direct follows other major Industrials sector earnings this month
MSC Industrial Direct's report follows an earnings missed by Lockheed Martin on Tuesday, July 19, 2022, who reported EPS of $1.16 on revenue of $15.45B, compared to forecasts EPS of $1.88 on revenue of $15.98B.
ABB ADR had missed expectations on Thursday with third quarter EPS of $0.19 on revenue of $7.41B, compared to forecast for EPS of $0.38 on revenue of $7.39B.
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