MIAMI (AP) — MIAMI (AP) — Watsco Inc. (WSO) on Tuesday reported fourth-quarter earnings of $96.8 million.
The Miami-based company said it had profit of $2.37 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.
The heating and cooling company posted revenue of $1.75 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.65 billion.
For the year, the company reported profit of $536.3 million, or $13.30 per share. Revenue was reported as $7.62 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WSO at https://www.zacks.com/ap/WSO
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