posted third-quarter earnings that matched analysts' expectations.
The company, which provides maintenance, repair and operating supplies to businesses and institutions, said third-quarter earnings rose to $48.1 million from $45.8 million. Excluding a one-time gain of 2 cents a share on the sale of securities, third-quarter income was 49 cents a share, unchanged from the year-ago figure and matching the consensus estimate of 11 analysts surveyed by
First Call/Thomson Financial
Third-quarter revenue rose to $1.24 billion from $1.18 billion last year.
Shares of Grainger recently rose 94 cents, or 3.7%, to $26.44 in midday trading on the
New York Stock Exchange