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Wesco International: 1Q Earnings Snapshot

PITTSBURGH (AP) _ Wesco International Inc. (WCC) on Thursday reported first-quarter net income of $42.4 million.

The Pittsburgh-based company said it had profit of 93 cents per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

The maker of electrical and industrial maintenance supplies and construction materials posted revenue of $1.96 billion in the period, also falling short of Street forecasts. Eight analysts surveyed by Zacks expected $2 billion.

Wesco International shares have risen 19% since the beginning of the year. The stock has decreased slightly more than 1% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WCC at https://www.zacks.com/ap/WCC