Earnings season may not give investors that warm and fuzzy feeling this quarter.» Read More
NEW YORK— Power tools seller W.W. Grainger Inc. said Thursday that its board approved spending $3 billion to buy back its own stock over the next three years. The company expects to buy back $1.4 billion in stock this year and $800 million in 2016 and another $800 million im 2017. Grainger will pay for the buybacks with a combination of cash and new debt.
April 16- Industrial tools provider W W Grainger Inc said on Thursday that its board had approved a plan to buy back $3 billion in shares over the next three years. W W Grainger had said earlier that it would buy back about $400 million in shares this year. The additional buyback will begin later this month and is expected to add 8- 12 cents per share to the company's...
LAKE FOREST, Ill. _ W.W. Grainger Inc. on Thursday reported first-quarter profit of $211 million. W.W. Grainger expects full-year earnings to be $12.25 to $12.95 per share. W.W. Grainger shares have decreased 5 percent since the beginning of the year, while the Standard& Poor's 500 index has increased slightly more than 2 percent.
April 16- Industrial tools provider W W Grainger Inc said on Thursday that its board had approved a plan to buy back $3 billion in shares over the next three years. The company, which supplies material handling equipment, plumbing supplies, and power and hand tools, said it would fund $1.2 billion of the buyback with cash and the remainder through debt.
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Some of Thursday's midday movers:
Tuesday's midday movers:
Some of Wednesday's midday movers:
Friday's midday movers:
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CNBC's Melissa Lee, Diminic Chu and CNBC contributor Stephanie Link dissect the numbers on Grainger and CSX.
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Take a look at some of Tuesday's midday movers:
The "Squawk on the Street" news crew takes a closer look at three companies reporting first quarter numbers; including Johnson & Johnson, W.W. Grainger, and Goldman Sachs.
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