MIAMI (AP) — MIAMI (AP) — Watsco Inc. (WSO) on Tuesday reported fourth-quarter profit of $71.7 million.
On a per-share basis, the Miami-based company said it had net income of $1.68.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.
The heating and cooling company posted revenue of $1.58 billion in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $1.61 billion.
For the year, the company reported profit of $497 million, or $12.25 per share. Revenue was reported as $7.24 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WSO at https://www.zacks.com/ap/WSO
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