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Why Watsco Stock Crashed Today

TheMotleyFool

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Watsco (NYSE: WSO) stock tumbled 15.3% through 10:45 a.m. ET Wednesday after missing badly on earnings this morning.

Analysts had forecast that the HVAC equipment distributor would earn $4.41 per share on more than $2.1 billion in Q2 sales. In fact, Watsco earned $4 per share, and its sales fell just short of expectations.

Image source: Getty Images.

Source Fool.com