MSC Industrial Direct Company Inc. Q2 Profit Retreats 4%

(RTTNews) - MSC Industrial Direct Company Inc. (MSM) announced earnings for second quarter that retreated compared to the same period last year.

The company said its bottom line totaled $49.5 million, or $0.80 per share. This was lower than $51.8 million, or $0.84 per share, in last year's second quarter.

Analysts had expected the company to earn $0.78 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.2% to $684.1 million. This was down from $706.4 million last year.

MSC Industrial Direct Company Inc. earnings at a glance:

-Earnings (Q2): $49.5 Mln. vs. $51.8 Mln. last year. -Earnings Decline (Y-o-Y): -4.4% -EPS (Q2): $0.80 vs. $0.84 last year. -EPS Decline (Y-o-Y): -4.8% -Analysts Estimate: $0.78 -Revenue (Q2): $684.1 Mln vs. $706.4 Mln last year. -Revenue Change (Y-o-Y): -3.2%

-Guidance: Next quarter EPS guidance: $0.98 - $1.02 Next quarter revenue guidance: $729 - $741 Mln