Wesco International Q1 Profit Declines - Quick Facts

(RTTNews) - Wesco International Inc. (WCC), Thursday posted first-quarter net income attributable to the company of $47.0 million or $0.90 per share, compared to $51.9 million or $0.97 per share in the prior year period. On average, 17 analysts polled by Thomson Reuters expected the company to earn $1.01 per share.

Net sales for the latest second quarter were $1.82 billion, up 0.3 percent from $1.81 billion in the previous year. Organic sales increased 3.2%. Acquisitions positively impacted sales by 1.2%, and foreign exchange rates and number of workdays negatively impacted sales by 2.5% and 1.6%, respectively. Analysts were looking for revenue of $1,90 billion.