GWW WW Grainger Inc

By Micah Maidenberg

Industrial supply distributor W.W. Grainger Inc. (GWW) missed profit forecasts from Wall Street analysts and warned of weakening economic conditions around the globe.

The company on Wednesday reported net income of $233 million, or $4.25 a share, up from $104 million, or $1.82 a share, a year earlier.

Its adjusted profit of $4.26 a share for the latest quarter was below the consensus estimate on FactSet of $4.40 a share.

Revenue rose 4% from the year earlier to $2.95 billion. That was in line with forecasts.

In a statement about third-quarter results, Grainger Chief Executive DG Macpherson said "the global demand environment continued to weaken."

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

October 23, 2019 09:06 ET (13:06 GMT)

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