WESCO Intl Q2 Adj EPS $3.71 Misses $4.46 Estimate, Sales $5.75B Miss $5.95B Estimate
Portfolio Pulse from Benzinga Newsdesk
WESCO Intl (NYSE:WCC) reported Q2 adjusted earnings of $3.71 per share, missing the analyst consensus estimate of $4.46 by 16.82%. This is a decrease of 11.46% from the same period last year. The company also reported quarterly sales of $5.75 billion, missing the analyst consensus estimate of $5.95 billion by 3.43%. However, this is a 4.78% increase from the same period last year.
August 04, 2023 | 12:45 pm
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WESCO Intl's Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
WESCO Intl's Q2 earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market and could lead to a decrease in the stock price. However, the company did see a YoY increase in sales, which could potentially offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100