India, Aug. 1 -- W.W. Grainger, Inc. (GWW), while reporting higher second-quarter profit but below market estimates, on Friday lowered its fiscal 2025 earnings view below the Street. Further, the company raised sales view.
In the pre-market activity, Grainger shares were losing around 8 percent to trade at $956.07.
For fiscal 2025, the company now expects earnings per share of $38.50 to $40.25, lower than previously expected $39.00 to $41.50 per share.
The Wall Street analysts on average expect the company to report earnings of $40.54 per share. Analysts' estimates typically exclude special items.
Net sales is now projected to be $17.9 billion to $18.2 billion, higher than previously expected $17.6 billion to $18.1 billion. Analysts exp...