Why Watsco Stock Crashed Today
Watsco generates a lot of cash -- and is using it to buy growth.
Overview
Watsco (NYSE: WSO) stock tumbled 15.3% through 10:45 a.m. ET Wednesday after missing badly on earnings this morning.
Analysts had forecast that the HVAC equipment distributor would earn $4.41 per share on more than $2.1 billion in Q2 sales. In fact, Watsco earned $4 per share, and its sales fell just short of expectations.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.