Watsco (WSO) Q1 Earnings & Revenues Lag, Margins Down Y/Y
- WSO reported underperforming Q1 2024 results with declining earnings and revenues. - The company experienced a drop in HVAC equipment and products sales, offset by increased refrigeration sales. - WSO is optimistic about summer sales, focusing on efficiency and shareholder value enhancement. - Shares of WSO rose 6.5% following the Q1 earnings announcement. Price Impact Rating: bearish Impact Horizon Rating: short-term Type: Earnings
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