MSC Edges Q1 Estimates, Mixed Guidance Sinks Stock
January 06, 2011 at 12:34 PM EST
MSC Industrial Direct Co., Inc. (MSM) reported first quarter earnings of $0.75 per share on $472.8 million in revenue today, slightly beating Wall Street’s expectations. But the metalwork distributor’s Q2 guidance pushed shares down by as much as 5% in early trading. Analysts were expecting slightly lower profit ($0.74 per share) and sales ($471.6 million) [...]
