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WW Grainger misses 4Q profit forecasts

W.W. Grainger on Monday reported fourth-quarter net income of $148.8 million.

On a per-share basis, the Lake Forest, Illinois-based company said it had net income of $2.14. Earnings, adjusted for non-recurring costs and restructuring costs, were $2.80 per share.

The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.83 per share.

The seller of maintenance and other supplies posted revenue of $2.51 billion in the period, exceeding Street forecasts. Analysts expected $2.5 billion, according to Zacks.

For the year, the company reported profit of $801.7 million, or $11.45 per share. Revenue was reported as $9.96 billion.

W.W. Grainger expects full-year earnings in the range of $12.60 to $13.60 per share.

W.W. Grainger shares have decreased 3.5 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has risen nearly 2 percent in the last 12 months.

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