Shares of W.W. Grainger (GWW -0.5%) retrace early losses to trade fractionally lower following...

|About: W.W. Grainger, Inc. (GWW)|By:, SA News Editor

Shares of W.W. Grainger (GWW -0.5%) retrace early losses to trade fractionally lower following Q2 earnings. The company narrows the range for its FY13 EPS and sales growth outlook to $11.40-12 and 5-8% respectively, versus previous guidance of $11.30-12/ share and revenue growth of 5-9%. Gross margin expanded by 50 basis points in Q2, operating expenses rose 5%, and operating earnings climbed 11%. (PR)