Wesco International Inc Q3 Profit Increases, beats estimates

Wesco International Inc (WCC) revealed a profit for its third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $225.250M, or $4.30 per share. This compares with $105.244 million, or $2.02 per share, in last year's third quarter.

Excluding items, Wesco International Inc reported adjusted earnings of $235.176 million or $4.49 per share for the period.

Analysts on average had expected the company to earn $4.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.2% to $5.445 billion from $4.728 billion last year.

Wesco International Inc earnings at a glance (GAAP) :

-Earnings (Q3): $225.250M. vs. $105.244 Mln. last year.
-EPS (Q3): $4.30 vs. $2.02 last year.
-Analyst Estimate: $4.42
-Revenue (Q3): $5.445 Bln vs. $4.728 Bln last year.

Full year EPS guidance: $15.80 to $16.20

For comments and feedback contact: editorial@rttnews.com

Follow RTT