Watsco: Q1 Earnings Snapshot
MIAMI (AP) — MIAMI (AP) — Watsco Inc. (WSO) on Wednesday reported first-quarter earnings of $87 million.
On a per-share basis, the Miami-based company said it had net income of $2.17.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share.
The heating and cooling company posted revenue of $1.56 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.61 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WSO at https://www.zacks.com/ap/WSO