Why Is MSC Industrial Stock Falling Wednesday?

MSC Industrial Direct Co. reported second-quarter results that fell short of analyst expectations, leading to a 1.39% decline in its stock price to $90.99. The company posted adjusted earnings of 82 cents per share, below the consensus estimate of 84 cents, and net sales of $917.8 million, missing expectations of $931.7 million. Despite these results, MSC expects average daily sales growth of 5.0% to 7.0% for the third quarter and an adjusted operating margin between 9.7% and 10.3%.