W.W. Grainger Reports Third-Quarter EPS of $12.42

By Rob CurranW.W. Grainger's third-quarter net income rose sharply and the distributor of tools and other equipment boosted its growth projections for the year.The Chicago industrial-supplies distributor posted earnings of $587 million, or $12.42 a share, up from $294 million, or $6.12 a share, a y…