Watsco Q2 Profit Rises - Quick Facts

(RTTNews) - Watsco, Inc. (WSO) reported second-quarter net income attributable to company of $56.10 million, compared to $51.32 million, a year ago. Earnings per share for Common and Class B common stock was $1.60, compared to $1.48.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $1.70 for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $1.17 billion from $1.12 billion. Analysts expected revenue of $1.20 billion for the quarter.

Watsco's outlook for full-year 2014 earnings per share is within the range of $4.20 to $4.40, representing a prospective annual growth rate of earnings per share of 14% to 20%. Analysts expect the company to report full year 2014 earnings per share of $4.48.