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Watsco Q3 Profit Rises, But Misses Estimates; Boosts Dividend 11%

RTTNews | il y a 1048

Watsco Q3 Profit Rises, But Misses Estimates; Boosts Dividend 11%

(RTTNews) - 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.

Revenues for the quarter grew 14 percent to a record of $2.04 billion from $1.78 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $4.35 per share on revenues of $2.04 billion for the quarter. Analysts' estimates typically exclude special items.

Watsco also announced that its Board of Directors approved an 11 percent increase in its annual dividend to $9.80 per share on each outstanding share of its Common and Class B common stock to be reflected in the Company's quarterly dividend payment in January 2023.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

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Watsco Q2 Results Miss Estimates

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.

RTTNews | il y a 399

Watsco Q2 Results Misses Estimates - Update

Watsco Q2 Results Misses Estimates - Update

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.

RTTNews | il y a 763

U.S. Construction Spending Unexpectedly Edges Lower In July

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | il y a 1h 34min

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Launches Two New Delectable Bread Bites Flavors

Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.

RTTNews | il y a 1h 47min

U.S. Manufacturing Index Inches Up In Line With Estimates In August

U.S. Manufacturing Index Inches Up In Line With Estimates In August

The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.

RTTNews | il y a 1h 49min

FTSE 100 Slips As Yields Spike, Sterling Plunges

FTSE 100 Slips As Yields Spike, Sterling Plunges

The FTSE 100 benchmark of the London Stock Exchange dropped close to a percent amidst renewed concerns about the fiscal situation in the U.K.

RTTNews | il y a 2h 36min

CAC 40 Slips Amidst Fiscal Concerns

CAC 40 Slips Amidst Fiscal Concerns

A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.

RTTNews | il y a 3h 44min

DAX Dips As Inflation Spike Hurts Sentiment

DAX Dips As Inflation Spike Hurts Sentiment

The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading deep in the red amidst a higher-than-expected level of inflation reading from Euro Area.

RTTNews | il y a 4h 46min

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