Investing.com - Watsco reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Watsco announced earnings per share of $4.03 on revenue of $2.04. Analysts polled by Investing.com EPS of $4.40 on revenue of $2.04B.
Watsco 's are down 25.75% and is trading at $246.38 , still down 22.76% from its 52 week high of $318.98 set on Thursday, December 16, 2021.
Watsco follows other major Industrials sector earnings this month
Watsco's report follows an earnings beat by Lockheed Martin on Tuesday, who reported EPS of $6.87 on revenue of $16.58B, EPS of $6.66 on revenue of $16.66B.
ABB ADR had missed expectations on Thursday with third quarter EPS of $0.19 on revenue of $7.41B, for EPS of $0.38 on revenue of $7.39B.
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