Watsco: Q2 Earnings Insights
Shares of Watsco (NYSE:WSO) rose 0.1% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share fell 5.83% over the past year to $2.26, which beat the estimate of $1.92.
Revenue of $1,355,000,000 decreased by 1.24% year over year, which beat the estimate of $1,300,000,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Jul 23, 2020
Time: 10:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/tae3akc5
Price Action
52-week high: $198.69
Company's 52-week low was at $132.97
Price action over last quarter: Up 22.89%
Company Profile
Watsco is a distributor of heating, ventilation, and air-conditioning units. With more than 400 locations in 38 states, it serves more than 40,000 contractors and dealers. About 70% of revenue is derived from the residential HVAC replacement market, with the residual coming from new construction.
