Wesco International Inc Reports 23% Fall In Q1 Profit

(RTTNews) - Wesco International Inc (WCC) reported earnings for first quarter that lost ground from last year.

The company said its earnings totaled $36.0 million, or $0.77 per share. This was down from $47.0 million, or $0.90 per share, in last year's first quarter.

Analysts had expected the company to earn $0.73 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.2% to $1.78 billion. This was down from $1.82 billion last year.

Wesco International Inc earnings at a glance:

-Earnings (Q1): $36.0 Mln. vs. $47.0 Mln. last year. -Earnings Decline (Y-o-Y): -23.4% -EPS (Q1): $0.77 vs. $0.90 last year. -EPS Decline (Y-o-Y): -14.4% -Analysts Estimate: $0.73 -Revenue (Q1): $1.78 Bln vs. $1.82 Bln last year. -Revenue Change (Y-o-Y): -2.2%

-Guidance: Full year EPS guidance: $3.75 - $4.20