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PITTSBURGH (AP) — PITTSBURGH (AP) — Wesco International Inc. (WCC) on Thursday reported first-quarter profit of $197.1 million.
On a per-share basis, the Pittsburgh-based company said it had net income of $3.48. Earnings, adjusted for non-recurring costs, came to $3.75 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.61 per share.
The maker of electrical and industrial maintenance supplies and construction materials posted revenue of $5.52 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $5.42 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a WCC">Zacks stock report on WCC at https://www.zacks.com/ap/WCC