Grainger shares fall 12% as earnings and outlook miss on macro woes

Published 01/08/2025, 13:28

Investing.com -- Shares of tool company Grainger fell 12% in premarket trading on Friday after its second-quarter earnings missed Wall Street expectations, impacted by tariffs and its full-year forecast came in below consensus.

Grainger posted earnings per share of $9.97 for the quarter, slightly below analysts’ average estimate of $10.06.

Revenue rose to $4.55 billion, narrowly topping expectations of $4.53 billion.

For the full year, Grainger expects earnings between $38.50 and $40.25 per share, below the consensus estimate of $40.54.

It also forecast revenue of $17.9 billion to $18.2 billion, compared with expectations of $17.94 billion.

“Performance was impacted by some tariff-related factors which are also flowing into our updated outlook,” said CEO D.G. Macpherson, noting the ongoing macro backdrop remained challenging.

 

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