05:37 PM EDT, 06/13/2024 (MT Newswires) -- MSC Industrial Direct ( MSM ) said Thursday it expects fiscal Q3 adjusted earnings per share of $1.32 to $1.34, based on its preliminary results.

Analysts surveyed by Capital IQ expect $1.57.

The company said it expects preliminary sales of about $978 million to $980 million for the quarter ended June 1, down 7.3% to 7.1% from a year earlier.

Analysts polled by Capital IQ expect $1.03 billion.

MSC will release its fiscal Q3 results on July 2.

Shares of the company slumped 6% in after-hours trading.

Price: 79.58, Change: -5.08, Percent Change: -6.00