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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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Hang Seng May Breach 27,000-Point Level
The Hong Kong stock market has moved higher in three straight sessions, advancing almost 675 points or 2.9 percent along the way. The Hang Seng Index now rests just above the 26,920-point plateau and it's expected to open to the upside again on Thursday.
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Australian Market Modestly Lower
The Australian market is trading modestly lower on Thursday, adding to the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,800 level, with weakness is financial, energy and technology stocks partially offset by gains in mining stocks.
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China Shares May Find Traction On Thursday
The China stock market has moved lower in two straight sessions, sinking almost 20 points or 0.5 percent along the way. The Shanghai Composite Index now sits just above the 4,000-point plateau although it figures to move back to the upside on Thursday.
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Australia Jobless Rate Falls To 4.3% In October
The unemployment rate in Australia came in at a seasonally adjusted 4.3 percent in October, the Australian Bureau of Statistics said on Thursday.
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Mild Upside Seen For Taiwan Stock Market
The Taiwan stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day losing streak in which it had given up more than 640 points or 2.3 percent. The Taiwan Stock Exchange now sits just beneath the 27,950-point plateau and it may tick higher again on Thursday.
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U.S. Dollar Falls Against Franc, Canadian Dollar
The U.S. dollar fell against the Swiss franc and the Canadian dollar in the New York session on Wednesday.
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