WW Grainger hits three-month high on Q1 profit beat
RefinitivLess than 1 min read
** Shares of industrial toolmaker WW Grainger GWW rise more than 5% to $1,080.07 per share, highest since January 30
** GWW marks its biggest intraday pct jump since April 9
** GWW posts Q1 earnings per share of $9.86, ahead of analysts' estimates of $9.49, per LSEG data
** Reiterates FY25 outlook; says it is confident in ability to weather tariff impact
** Sales at online-only "Endless Assortment" unit rise 10%, while daily sales at High-Touch Solutions segment grow 1.9%
** Announces quarterly dividend of $2.26 per share, 10% higher than what it paid in previous quarter
** Q1 sales of $4.31 billion vs estimates of $4.32 billion
** GWW down ~3% so far this year, as of last close