Watsco Q3 Earnings & Revenues Lag Estimates, Stock Down

Watsco, Inc.’s (WSO) shares plunged 3.8% on Wednesday after it reported unimpressive third-quarter 2024 results. Both the earnings and revenues missed the Zacks Consensus Estimate.On a year-over-year basis, the top line increased, driven by better commercial HVAC systems and stable residential HVAC equipment. However, bottom lines declined due to higher costs.Watsco is steadily advancing toward its goal of expanding customer-focused technologies to a growing number of contractors. Its e-commerce sales have ...