MIAMI (AP) — MIAMI (AP) — Watsco Inc. (WSO) on Tuesday reported third-quarter profit of $155.4 million.
The Miami-based company said it had net income of $3.77 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.13 per share.
The heating and cooling company posted revenue of $2.22 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $2.21 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WSO at https://www.zacks.com/ap/WSO
