Watsco Analysts Increase Their Forecasts Following Q2 Results

Watsco, Inc. WSO reported worse-than-expected second-quarter financial results on Tuesday. The company reported quarterly earnings per share of $4.49, missing the street view of$4.67. Sales of $2.14 billion missed the analyst consensus of$2.19 billion. Revenue increased 7% year over year (4% increase on a same-store basis). Gross profit increased 3% to $580 million, with 27.1% gross margin. "We now look ahead to the next important regulatory transition and the introduction of new products by our OEM partn ...