Wesco Stock Plunged This Week. Is the Drop a Buying Opportunity?

Wesco International (NYSE: WCC) delivered ugly year-end results and disappointing guidance about 2024 this week, causing investors to head for the exits.

With the stock down 23% for the week as of Thursday afternoon, according to data provided by S&P Global Market Intelligence, it might be time for long-term-focused holders to take a fresh look at this electrical equipment distributor.

Wesco is a well-regarded industrials stock, but its year-end results left a lot to be desired. The company earned $2.65 per share in the fourth quarter on sales of $5.47 billion, well short of the $3.87 per share on sales of $5.59 billion that Wall Street had expected.

Source Fool.com