Movement Alert｜Watsco Falls 8.3% in Pre-Market Trading, Q3 EPS Miss Overshadows Revenue Beat

Market Focus10-27

On October 27, Watsco fell 8.3% in Pre-Market Trading, trading at $277.6502/share, with turnover of $1.1405 million.

The move followed Watsco's third-quarter results, which showed diluted EPS of $3.77, down from $3.98 a year earlier and below analyst expectations of about $4.10-$4.12, while revenue rose to $2.22 billion from $2.07 billion and was roughly in line with or slightly above consensus.

Company disclosures described the quarter as delivering record third-quarter sales, strong cash flow and improving demand, but the immediate market reaction focused on the earnings shortfall versus expectations. The revenue increase was not enough to offset concern over lower year-over-year profit and the EPS miss.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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