W.W. Grainger (NYSE: GWW) on Thursday reported its first quarter earnings results for the period ended March 31, 2020.
GAAP net income was $173 million or $3.19 per share, compared with net income of $253 million or $4.48 per in the first quarter of 2019.
Stock markets shifted to recovery mode as the week came to a close, with the major indices closing higher after staying in the negative territory in the past few weeks.
Renewable energy companies have been gaining attraction in the market due to the strong potential they have. Many countries are now relying mainly on renewable energy for their power consumption.
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the fourth quarter of 2020, reflecting a marked increase in merchandise sales. The results also topped analysts’