(RTTNews) - Watsco, Inc. (WSO) released earnings for third quarter that Dropped, from last year and missed the Street estimates.
The company's earnings totaled $150.872 million, or $3.98 per share. This compares with $159.145 million, or $4.22 per share, last year.
Analysts on average had expected the company to earn $4.29 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 4.3% to $2.067 billion from $2.160 billion last year.
Watsco, Inc. earnings at a glance (GAAP) :
-Earnings: $150.872 Mln. vs. $159.145 Mln. last year. -EPS: $3.98 vs. $4.22 last year. -Revenue: $2.067 Bln vs. $2.160 Bln last year.
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