MSC Industrial Direct Company Inc. Announces 8% Advance In Q2 Bottom Line

(RTTNews) - MSC Industrial Direct Company Inc. (MSM) reported a profit for its second quarter that gained ground from last year.

The company said its bottom line totaled $53.56 million, or $0.93 per share. This was up from $49.53 million, or $0.80 per share, in last year's second quarter.

Analysts had expected the company to earn $0.90 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.9% to $703.78 million. This was up from $684.12 million last year.

MSC Industrial Direct Company Inc. earnings at a glance:

-Earnings (Q2): $53.56 Mln. vs. $49.53 Mln. last year. -Earnings Growth (Y-o-Y): 8.1% -EPS (Q2): $0.93 vs. $0.80 last year. -EPS Growth (Y-o-Y): 16.2% -Analysts Estimate: $0.90 -Revenue (Q2): $703.78 Mln vs. $684.12 Mln last year. -Revenue Change (Y-o-Y): 2.9%

-Guidance: Next quarter EPS guidance: $1.05 - $1.09 Next quarter revenue guidance: $734 - $748 Mln