Wesco International Inc (WCC) released earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $204.57 million, or $3.90 per share. This compares with $153.06 million, or $2.93 per share, in last year's fourth quarter.
Excluding items, Wesco International Inc reported adjusted earnings of $216.33 million or $4.13 per share for the period.
Analysts on average had expected the company to earn $3.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 14.6% to $5.56 billion from $4.85 billion last year.
Wesco International Inc earnings at a glance (GAAP) :
-Earnings (Q4): $204.57 Mln. vs. $153.06 Mln. last year.
-EPS (Q4): $3.90 vs. $2.93 last year.
-Analyst Estimate: $3.79
-Revenue (Q4): $5.56 Bln vs. $4.85 Bln last year.
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