WW Grainger slumps after trimming annual profit outlook

WW Grainger

01/08/2025 15:01

** Shares of industrial tools supplier WW Grainger GWW.N fall 10% to $937 in early trading

** Co expects 2025 earnings between $38.50 and $40.25 per share, compared with prior expectations of $39 to $41.50 per share

** It posts Q2 adjusted profit of $9.97/share, missing analysts' average estimates of $10.06/share, data compiled by LSEG

** Quarterly revenue rises 5.6% to $4.55 bln from a year earlier, slightly above estimates of $4.53 bln

** Including session moves, shares down 11.1% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))