WW Grainger rises after raising annual profit forecast, beating quarterly estimates
BUZZ-WW Grainger rises after raising annual profit forecast, beating quarterly estimates ** WW Grainger GWW.N shares rise 2% to $1,427.01 premarket after Q3 results
** Toolmaker raises FY26 adj EPS forecast to $47-$48 from $45.50-$47.25; sales view to $19.8-$20 bln from $19.4-$19.7 bln
** Q3 adjusted EPS of $12.54 beats analysts' avg est of $11.67, per LSEG data
** Q3 sales of $5.18 bln top est of $5.08 bln
** High-Touch Solutions NA sales jump 13.8%; Endless Assortment sales up 11.9%
** Adjusted operating margin of 16.1% up 90 bps y/y
** GWW returns $396 mln to shareholders via dividends, buybacks
** As of last close, stock up ~39% YTD
(Reporting by Miraanta Lowrance in Bengaluru)
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WW Grainger rises after raising annual profit forecast, beating quarterly estimates