Investing.com - Watsco reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Watsco announced earnings per share of $4.03 on revenue of $2.04. Analysts polled by Investing.com anticipated EPS of $4.40 on revenue of $2.04B.
Watsco shares are down 25.75% from the beginning of the year and are trading at $246.38 , down-from-52-week-high.
Watsco follows other major Industrials sector earnings this month
Watsco's report follows an earnings beat by Lockheed Martin on Tuesday, who reported EPS of $6.87 on revenue of $16.58B, compared to forecasts EPS of $6.66 on revenue of $16.66B.
ABB ADR had missed expectations on Thursday with third quarter EPS of $0.19 on revenue of $7.41B, compared to forecast for EPS of $0.38 on revenue of $7.39B.
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