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0 -0.000659775676269937 -0.000494831757202414 0.00357378491312957 0.00659775676270078 0.00351880360677378 0.00252914009236864 0.0102815042885419
Stock impact report

MSC Industrial Direct shares slide after earnings miss [Seeking Alpha]

MSC Industrial Direct Company, Inc. (MSM) 
Last msc industrial direct company, inc. earnings: 4/8 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.mscdirect.com
Company Research Source: Seeking Alpha
expectations, sending shares down as much as 5% in New York trading Wednesday before paring losses. The industrial distributor posted revenue of $917.8 million for the quarter Fresh Stock Ideas, Every Day Quick Insights MSC Industrial Direct reported revenue and adjusted earnings below analyst expectations due to subdued volume trends impacting overall performance. MSC Industrial Direct's cost reduction initiatives and improved gross margins led to modest operating margin expansion year over year. MSC Industrial Direct projects average daily sales growth of 5%-7% and an adjusted operating margin of 9.7%-10.3% for the current quarter. Recommended For You More Trending News Show less Read more
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