MIAMI (AP) — MIAMI (AP) — Watsco Inc. (WSO) on Wednesday reported first-quarter earnings of $80.1 million.
The Miami-based company said it had net income of $1.93 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share.
The heating and cooling company posted revenue of $1.53 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $1.66 billion.
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