Update: MSC Industrial Direct Shares Slip After Fiscal Q2 Non-GAAP Earnings, Net Sales Miss Estimates

MT Newswires Live

04/01

(Updates with stock move in the headline and first paragraph.)

MSC Industrial Direct (MSM) shares were down 1.7% in Wednesday trading after its fiscal Q2 non-GAAP earnings and net sales came in below analysts' estimates.

The company reported fiscal Q2 non-GAAP net income Wednesday of $0.82 per diluted share, up from $0.72 a year earlier. Analysts polled by FactSet expected $0.84.

Net sales for the fiscal quarter ended Feb. 28 were $917.8 million, up from $891.7 million a year earlier. Analysts surveyed by FactSet expected $931.7 million.

Price: 90.84, Change: -1.44, Percent Change: -1.56

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