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Watsco: Q3 Earnings Snapshot

Watsco: Q3 Earnings Snapshot

MIAMI (AP) — MIAMI (AP) — Watsco Inc. (WSO) on Thursday reported third-quarter earnings of $171 million.

On a per-share basis, the Miami-based company said it had net income of $4.35.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.31 per share.

The heating and cooling company posted revenue of $2.13 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $2.05 billion.