GWW WW Grainger Inc

By Allison Prang

Earnings at W.W. Grainger Inc. (GWW) rose as net sales increased and selling, general and administrative expenses fell, but revenue missed estimates.

The industrial-products distributor reported second-quarter earnings of $260 million, up 9.7% from the comparable quarter a year earlier. Earnings were $4.67 a share, up from $4.16 a share.

Adjusted earnings were $4.64 a share, up from $4.37 a share. Analysts polled by FactSet were expecting $4.64 a share.

Total net sales rose 1.1% to $2.89 billion. Analysts were expecting $2.97 billion.

SG&A expenses fell 3.4%.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

July 24, 2019 08:35 ET (12:35 GMT)

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