WESCO International up 6.7% on Strong Q4 Earnings

WESCO International

is trading hignher on the session following its Q4 earnings announcement. The company reported EPS of $1.12 vs $0.98 estimate and revenues of1.59 billion vs $1.53 billion estimate. John J. Engel, CEO of WESCO said: "Our fourth quarter results were strong and close out an excellent year. We have now posted six consecutive quarters of double-digit organic sales growth and five consecutive quarters of EPS growth of at least 40% versus prior year. On a full year basis, operating margins were 5.4%, up 120 basis points versus prior year, and were driven by a balanced contribution of gross margin expansion and operating cost leverage." WESCO is currently trading at $64.25, a gain of $4.04 or 6.71%.