Investing.com - WW Grainger (NYSE:GWW) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
WW Grainger announced earnings per share of $3.75 on revenue of $2.84B. Analysts polled by Investing.com anticipated EPS of $3.29 on revenue of $2.71B.
WW Grainger shares are down 0% from the beginning of the year , still down 2.21% from its 52 week high of $346.60 set on January 10. They are under-performing the S&P 500 which is up 1.4% from the start of the year.
WW Grainger follows other major Consumer Cyclical sector earnings this month
WW Grainger's report follows an earnings beat by Tesla on Wednesday, who reported EPS of $2.18 on revenue of $6.04B, compared to forecasts EPS of $-0.19 on revenue of $5B.
Nike had missed expectations on June 25 with fourth quarter EPS of $-0.51 on revenue of $6.31B, compared to forecast for EPS of $0.09 on revenue of $7.3B.
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