WESCO Intl Q3 2024 Adj. EPS $3.58 Beats $3.21 Estimate, Sales $5.489B Beat $5.259B Estimate
Portfolio Pulse from Benzinga Newsdesk
WESCO International reported Q3 2024 earnings per share of $3.58, surpassing the analyst estimate of $3.21. The company's sales were $5.489 billion, exceeding the expected $5.259 billion, despite a 2.75% decrease from the previous year.
October 31, 2024 | 10:02 am
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WESCO International's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $3.58 and sales at $5.489 billion. Despite a year-over-year sales decline, the results are positive.
WESCO International's earnings and sales both exceeded analyst expectations, which is typically a positive indicator for stock performance. The beat on both EPS and sales suggests strong operational performance, which could lead to a positive short-term impact on the stock price. However, the year-over-year sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100