Inside Long Island Business
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MSC Industrial reports increased profits, but misses expectations
MSC Industrial Direct Co., a Melville-based distributor of industrial supplies, Monday reported increases in sales and profit in the quarter ending Dec. 1, but the gains missed Wall Street analysts' expectations.
The company had sales of $577.5 million last quarter, a 5.8 percent increase over the same year-ago period. Profit for the quarter came in at $63.2 million, or $1 per share, also...
