Watsco gains on Q1 earnings beat

Watsco

20/04/2023 17:09

** Shares of heating and refrigeration appliances maker
Watsco Inc  WSO.N  up 5.7% at $334.54
    ** Co posts Q1 profit of $2.83, above analysts' expectations
of $2.36 according to Refinitiv data 
    ** Says sales of heat pumps continued to increase and
commercial business remains strong 
    ** Posts Q1 net sales of $1.55 bln, in line with Wall
Street's estimates
    ** As of last close, WSO up 34.3% YTD

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))