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WCCBearishEarningsnews
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Wesco International (WCC) Misses Q1 Earnings Estimates

May 2, 2024, 8:20 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Wesco International reported earnings of $2.30 per share, missing estimates and down from $3.75 last year. - Revenues of $5.35 billion for Wesco International beat estimates by 0.70%. - Wesco International shares have lost 11.2% this year, underperforming the S&P 500. - Company's earnings outlook is unfavorable, translating into a Zacks Rank #5 (Strong Sell). - Electronics - Parts Distribution industry outlook is currently in the bottom 11% of Zacks industries. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Research Analysis

  • Wesco International reported earnings of $2.30 per share, missing estimates and down from $3.75 last year.
  • Revenues of $5.35 billion for Wesco International beat estimates by 0.70%.
  • Wesco International shares have lost 11.2% this year, underperforming the S&P 500.
  • Company's earnings outlook is unfavorable, translating into a Zacks Rank #5 (Strong Sell).
  • Electronics - Parts Distribution industry outlook is currently in the bottom 11% of Zacks industries.

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