MSC Industrial Direct Company Inc. Bottom Line Advances 10% In Q1

(RTTNews) - MSC Industrial Direct Company Inc. (MSM) announced a profit for its first quarter that increased from last year.

The company said its bottom line rose to $59.59 million, or $1.06 per share. This was up from $54.29 million, or $0.96 per share, in last year's first quarter.

Analysts had expected the company to earn $1.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.0% to $768.56 million. This was up from $686.27 million last year.

MSC Industrial Direct Company Inc. earnings at a glance:

-Earnings (Q1): $59.59 Mln. vs. $54.29 Mln. last year. -Earnings Growth (Y-o-Y): 9.8% -EPS (Q1): $1.06 vs. $0.96 last year. -EPS Growth (Y-o-Y): 10.4% -Analysts Estimate: $1.06 -Revenue (Q1): $768.56 Mln vs. $686.27 Mln last year. -Revenue Change (Y-o-Y): 12.0%

-Guidance: Next quarter EPS guidance: $1.93 - $2.03