Wesco International Inc Bottom Line Declines 35% In Q4

(RTTNews) - Wesco International Inc (WCC) revealed earnings for fourth quarter that declined from last year.

The company said its bottom line fell to $48.4 million, or $1.03 per share. This was down from $74.5 million, or $1.40 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.0% to $1.86 billion. This was down from $2.00 billion last year.

Wesco International Inc earnings at a glance:

-Earnings (Q4): $48.4 Mln. vs. $74.5 Mln. last year. -Earnings Decline (Y-o-Y): -35.0% -EPS (Q4): $1.03 vs. $1.40 last year. -EPS Decline (Y-o-Y): -26.4% -Analysts Estimate: $1.02 -Revenue (Q4): $1.86 Bln vs. $2.00 Bln last year. -Revenue Change (Y-o-Y): -7.0%