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Watsco Q2 Results Misses Estimates - Update
(RTTNews) - Watsco, Inc. (WSO), a distribution network for heating, air conditioning and refrigeration products, on Tuesday reported that earnings allocated to shareholders for the second quarter declined to $160.85 million or $4.42 per share from $174.99 million or $4.93 per share in the prior-year quarter.
Revenues for the quarter decreased 6 percent to $2.00 billion from $2.13 billion in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $4.93 per share on revenues of $2.19 billion for the quarter. Analysts' estimates typically exclude special items.
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Watsco Q2 Results Miss Estimates
Watsco, Inc. (WSO), a distribution network for heating, air conditioning and refrigeration products, on Tuesday reported that earnings allocated to shareholders for the second quarter grew to $168.80 million or $4.49 per share from $160.85 million or $4.42 per share in the prior-year quarter.
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Watsco Q3 Profit Rises, But Misses Estimates; Boosts Dividend 11%
Watsco, Inc. (WSO), a distribution network for heating, air conditioning and refrigeration products, on Thursday reported an increase in third-quarter earnings allocated to shareholders to a record of $143.27 million or $4.03 per share from $128.30 million or $3.62 per share in the prior-year quarter.
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Rebound Anticipated For Singapore Stock Market
The Singapore stock market on Wednesday wrote a finish to the five-day winning streak in which it had climbed more than 50 points or 1.2 percent. The Straits Times Index now sits just shy of the 4,290-point plateau although it may find renewed support on Thursday.
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Malaysia Stock Market May Add To Its Winnings On Thursday
The Malaysia stock market has moved higher in consecutive trading days, gathering just 3 points or 0.2 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,575-point plateau and it may extend its gains on Thursday.
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Japan Bourse May Reverse Wednesday's Losses
The Japanese stock market headed south again on Wednesday, one day after ending the two-day losing streak in which it had dropped almost 650 points or 1.4 percent. The Nikkei 225 now sits just beneath the 41,940-point plateau although it's likely to bounce higher again on Thursday.
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Win Streak May Continue For South Korea Shares
The South Korea stock market has moved higher in back-to-back trading days, collecting more than 40 points or 1.3 percent along the way. The KOSPI now rests just above the 3,180-point plateau and it may add to its winnings on Thursday.
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Australia Trade Data Due On Thursday
Australia will on Thursday release August numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In July, imports were down 3.1 percent on month and exports rose 6.0 percent for a trade surplus of A$5.365 billion.
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U.S. Dollar Falls After Weak Job Openings Data
The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, following the release of weak job openings data for July.
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