WESCO International Becomes the Latest Industrial Company to Disappoint Investors
WESCO International (NYSE: WCC) became the latest industrial company to lower its full-year sales and earnings guidance amid talk of slowing spending and uncertainty among customers. In addition, gross margin was negatively impacted by the shift in sales from its higher-margin industrial business toward lower-margin utility sales.
It was a difficult quarter for the company. Let's take a closer look at the second quarter, and at how WESCO is positioned for the second half.
Here are the headline numbers from the quarter:
Quelle Fool.com
