MSC Industrial Direct Had A Bad Day
Studio City(MSC) Seeking Alpha·2024-06-15 20:00
Petrovich9June 14th ended up being a really bad day for shareholders of MSC Industrial Direct Co (NYSE:MSM). For those not familiar with the company, it operates as a supplier of metalworking, maintenance, repair, and operations, products and services throughout North America. Shares of the business plunged, closing down 10.4% for the day. This was in response to management announcing preliminary results covering the third quarter of the company's 2024 fiscal year. In addition to revenue coming in lower ...