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MSC Industrial: Fiscal Q4 Earnings Snapshot
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MELVILLE, N.Y. (AP) — MELVILLE, N.Y. (AP) — MSC Industrial Direct Co. (MSM) on Thursday reported fiscal fourth-quarter earnings of $47.9 million.

On a per-share basis, the Melville, New York-based company said it had net income of 85 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, were $1.45 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.

The distributor of industrial tools and supplies posted revenue of $1.08 billion in the period.

For the year, the company reported profit of $222.6 million, or $3.98 per share. Revenue was reported as $4.01 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSM at https://www.zacks.com/ap/MSM

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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