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MSC Industrial: Fiscal Q1 Earnings Snapshot

MELVILLE, N.Y. (AP) — MELVILLE, N.Y. (AP) — MSC Industrial Direct Co. (MSM) on Wednesday reported fiscal first-quarter net income of $51.8 million.

On a per-share basis, the Melville, New York-based company said it had profit of 93 cents. Earnings, adjusted for restructuring costs and non-recurring costs, were 99 cents per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

The distributor of industrial tools and supplies posted revenue of $965.7 million in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $964.5 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSM at https://www.zacks.com/ap/MSM

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Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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