Wesco International: Q1 Earnings Snapshot

PITTSBURGH (AP) — PITTSBURGH (AP) — Wesco International Inc. (WCC) on Thursday reported first-quarter profit of $115.8 million.

The Pittsburgh-based company said it had profit of $1.95 per share. Earnings, adjusted for non-recurring costs, were $2.30 per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.46 per share.

The maker of electrical and industrial maintenance supplies and construction materials posted revenue of $5.35 billion in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $5.31 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WCC at https://www.zacks.com/ap/WCC

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up