Investing.com - WW Grainger (NYSE:GWW) reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
WW Grainger announced earnings per share of $3.66 on revenue of $2.94B. Analysts polled by Investing.com anticipated EPS of $3.84 on revenue of $2.92B.
WW Grainger shares are down 12% from the beginning of the year, still down 16.47% from its 52 week high of $427.90 set on December 1, 2020. They are under-performing the S&P 500 which is up 1.95% from the start of the year.
WW Grainger shares lost 4.21% in intra-day trade following the report.
WW Grainger follows other major Consumer Cyclical sector earnings this month
WW Grainger's report follows an earnings missed by Tesla on January 27, who reported EPS of $0.8 on revenue of $10.74B, compared to forecasts EPS of $1.02 on revenue of $10.47B.
Louis Vuitton ADR had beat expectations on January 27 with fourth quarter EPS of $2 on revenue of $17.29B, compared to forecast for EPS of $1.82 on revenue of $17.42B.
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