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Watsco Inc Profit Advances In Q3

Watsco Inc (WSO) announced earnings for its third quarter that increased from last year.

The company's profit came in at $79.16 million, or $2.11 per share. This compares with $65.03 million, or $1.82 per share, in last year's third quarter.

Analysts had expected the company to earn $2.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.9% to $1.29 billion from $1.23 billion last year.

Watsco Inc earnings at a glance:

-Earnings (Q3): $79.16 Mln. vs. $65.03 Mln. last year.
-EPS (Q3): $2.11 vs. $1.82 last year.
-Analysts Estimate: $2.26
-Revenue (Q3): $1.29 Bln vs. $1.23 Bln last year.

Full year EPS guidance: $6.40 - $6.50

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