MIAMI (AP) — MIAMI (AP) — Watsco Inc. (WSO) on Wednesday reported second-quarter profit of $163.3 million.
The Miami-based company said it had profit of $4 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.38 per share.
The heating and cooling company posted revenue of $2.1 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $2.16 billion.
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