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 July 19, 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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