Grainger's Stock Struggles, Despite Resilient Q3 Results

Graingers Stock Struggles, But Third-Quarter Results Spark Hope: W.W. Grainger, a $45 billion industrial supply distributor, has seen its stock slip 20% from its 52-week high, underperforming the industrial sector. However, a recent 2% jump followed positive third-quarter results: adjusted earnings of $10.21 per share, beating estimates, and revenue slightly ahead of expectations at $4.7 billion. Despite challenges, Grainger reaffirmed full-year guidance, hinting at operational stability.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.