MSC Industrial Direct Had A Bad Day
MSCStudio City(MSC) Seeking Alpha·2024-06-15 20:00

Petrovich9 June 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 th ...