Watsco touches 3 week-low after downbeat forecast, profit miss

Watsco

26/07/2022 15:58

** Shares of heating and refrigeration appliances maker
Watsco Inc  WSO.N  down 4.2% at $242.10
    ** Stock touches lowest since July 5
    ** Co expects demand to moderate in 2023 due to an economic
slowdown, as the pandemic-induced home-care boom recedes
 urn:newsml:reuters.com:*:nGNX27JC1B
    ** WSO also reports Q2 profit of $4.93/shr, below Refinitiv
IBES estimate of $5.05/shr
    ** Sales came in at $2.13 bln, below $2.18 bln Street
estimate
    ** YTD, stock has lost 23.4%

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))