Watsco Shares Fall 4.4% After Lower Third-Quarter Profit
Watsco reported third-quarter profit of $155.4 million, or $3.77 a share, and the shares fell 4.4% to $292.02 on Tuesday. The stock is down 13% year to date.
By Natalie WegerShares of Watsco fell after the company posted lower profit in the third quarter, missing Wall Street expectations.Shares fell 4.4% to $292.02 on Tuesday. The stock is down 13% year to date.The company posted third-quarter profit of $155.4 million, or $3.77 a share, compared with $1…