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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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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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Swiss Market Closes On Bright Note
The Switzerland market closed on a bright note on Wednesday after holding firm right through the day's trading session thanks to sustained buying at several counters from across various sectors.
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European Stocks Close Higher On Bargain Hunting, Fairly Positive Economic Data
European stocks closed broadly higher on Wednesday as slightly encouraging data on private sector activity in the region aided sentiment. Bargain hunting at several counters after Tuesday's decline helped as well in pushing up prices.
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Consumer Staples, Materials Stocks Rise As TSX Hits New Record High
The Canadian market is up in positive territory a little past noon on Wednesday, thanks to strong gains in consumer staples, materials and technology sectors. Energy and healthcare stocks are weak, while shares from rest of the sectors are turning in a mixed performance.
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U.S. Job Openings Fall To Ten-Month Low In July
Job openings in the U.S. fell to their lowest level in ten months in July, according to a report released by the Labor Department on Wednesday. The Labor Department said job openings dipped to 7.181 million in July after tumbling to a downwardly revised 7.357 million in June.
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