WESCO Intl Q2 2024 Adj. EPS $3.21 Misses $3.60 Estimate, Sales $5.480B Miss $5.560B Estimate
Portfolio Pulse from Benzinga Newsdesk
WESCO International (NYSE:WCC) reported Q2 2024 adjusted EPS of $3.21, missing the analyst estimate of $3.60 by 10.83%. Sales were $5.480 billion, also missing the estimate of $5.560 billion by 1.43%. This represents a 4.63% decrease from the same period last year.
August 01, 2024 | 10:03 am
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WESCO International reported Q2 2024 earnings that missed both EPS and sales estimates. EPS was $3.21, missing the $3.60 estimate by 10.83%, and sales were $5.480 billion, missing the $5.560 billion estimate by 1.43%. This also marks a 4.63% decrease in sales from the same period last year.
The significant miss on both EPS and sales estimates, along with a year-over-year decline in sales, is likely to negatively impact WESCO's stock price in the short term. Investors typically react unfavorably to such earnings reports.
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