Grainger Slashes Full-Year Guidance, Tops Q2 EPS

W.W. Grainger (GWW) slashed its full-year guidance Friday but met second-quarter sales views and reported better-than-expected earnings. The industrial supply company now expects 2015 per-share earnings of $12 to $12.50, down from a prior outlook for $12.25 to $12.95, and flat to 2% sales growth vs. previous guidance for 1% to 4% growth. Analysts expect $12.35 a share on 1% sales growth. Management blamed a "difficult economic environment" for the

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