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Watsco: Q3 Earnings Snapshot

By AP News - Oct 23, 2024, 07:42 AM ET
Last Updated - Dec 16, 2024, 06:05 PM EST
Watsco: Q3 Earnings Snapshot

MIAMI (AP) — MIAMI (AP) — Watsco Inc. (WSO) on Wednesday reported third-quarter net income of $171 million.

On a per-share basis, the Miami-based company said it had net income of $4.22.

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The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.84 per share.

The heating and cooling company posted revenue of $2.16 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $2.25 billion.

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