Investing.com - WW Grainger (NYSE:GWW) reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
WW Grainger announced earnings per share of $5.65 on revenue of $3.37B. Analysts polled by Investing.com anticipated EPS of $5.3 on revenue of $3.32B.
WW Grainger shares are up 5% from the beginning of the year, still down 10.23% from its 52 week high of $479.87 set on May 10. They are under-performing the S&P 500 which is up 22.37% from the start of the year.
WW Grainger shares gained 0.52% in pre-market trade following the report.
WW Grainger follows other major Consumer Cyclical sector earnings this month
WW Grainger's report follows an earnings beat by Tesla on October 20, who reported EPS of $1.86 on revenue of $13.76B, compared to forecasts EPS of $1.62 on revenue of $14B.
General Motors had beat expectations on Wednesday with third quarter EPS of $1.52 on revenue of $26.78B, compared to forecast for EPS of $0.8615 on revenue of $30.92B.
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