Monday's Winners & Losers: Sallie Mae

Shares of W.W. Grainger(GWW Quote) rose 2.6% after the facilities maintenance company posted better-than-expected first-quarter results. The company earned $101.8 million, or $1.17 a share, on revenue of $1.55 billion. Analysts polled by Thomson First Call expected earnings of $1.09 a share on revenue of $1.53 billion. During the year-earlier quarter, the company earned $86.2 million, or 93 cents a share, on revenue of $1.42 billion.

Looking ahead, W.W. Grainger now sees full-year earnings of $4.70 to $4.85 a share, up from $4.60 to $4.85 a share. Analysts project earnings of $4.74 a share. Shares were up $2.06 to $81.59.

Eaton(ETN Quote) rose 2.8% after the industrial manufacturer reported better-than-expected first-quarter results. The company earned $234 million, or $1.56 a share, on revenue of $3.15 billion. Results included a tax gain of 7 cents a share. Analysts expected earnings of $1.41 a share on revenue of $3.04 billion. During the year-earlier quarter, the company earned $208 million, or $1.36 a share, on revenue of $3 billion.

Looking ahead, Eaton now sees full-year operating earnings of $6.45 to $6.65 a share, up from an earlier forecast of $6.30 to $6.50 a share. Analysts project earnings of $6.22 a share. For the second quarter, the company sees operating earnings of $1.40 to $1.50 a share, up from its earlier projection of $1.35 to $1.40 a share. Analysts project earnings of $1.42 a share. Shares were up $2.34 to $87.50.