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Watsco Inc Reveals Gain In Q2 Earnings

Watsco Inc (WSO) reported a profit for its second quarter that increased from the same period last year.

The company's bottom line came in at $82.58 million, or $2.40 per share. This compares with $67.57 million, or $2.07 per share, in last year's second quarter.

Analysts had expected the company to earn $2.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.9% to $1.33 billion from $1.28 billion last year.

Watsco Inc earnings at a glance:

-Earnings (Q2): $82.58 Mln. vs. $67.57 Mln. last year.
-EPS (Q2): $2.40 vs. $2.07 last year.
-Analysts Estimate: $2.47
-Revenue (Q2): $1.33 Bln vs. $1.28 Bln last year.

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