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Wesco International: 2Q Earnings Snapshot

August 1, 2019

PITTSBURGH (AP) _ Wesco International Inc. (WCC) on Thursday reported second-quarter net income of $63.5 million.

On a per-share basis, the Pittsburgh-based company said it had profit of $1.45.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.

The maker of electrical and industrial maintenance supplies and construction materials posted revenue of $2.15 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $2.18 billion.

Wesco International expects full-year earnings to be $5 to $5.60 per share.

Wesco International shares have increased roughly 6% since the beginning of the year. The stock has dropped 17% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WCC at https://www.zacks.com/ap/WCC

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