US Stock Market Move | Adjusted Q2 earnings lower than expected; Grainger (GWW.US) drops nearly 10%.

On Friday, Grainger (GWW.US) from the United States fell nearly 10%, approaching its yearly low of $940.82. On the news front, the company reported adjusted earnings per share of $9.97 for the second quarter, higher than the $9.76 from the same period last year. Analysts surveyed by FactSet had predicted earnings per share of $10.07. Quarterly net sales were $4.55 billion, higher than the $4.31 billion from the same period last year. Analysts surveyed by FactSet had predicted $4.53 billion. The company now expects diluted earnings per share for 2025 to be between $38.50 and $40.25, compared to the previous expectation of $39 to $41.50. Analysts surveyed by FactSet predict $40.46. Net sales for 2025 are expected to be between $17.9 billion and $18.2 billion, compared to the previous outlook of $17.6 billion to $18.1 billion. Analysts surveyed by FactSet predict $17.92 billion.