FX.co ★ WESCO Tanks After Q4 Earnings, Revenue Fall, Below Consensus

The stock value of electrical distribution and services firm WESCO International, Inc. (WCC) dropped over 19 percent on Tuesday morning when the company posted lower-than-expected fourth-quarter results.

The company's fourth-quarter profit slipped to $127.6 million or $2.45 per share, down from $204.6 million or $3.90 per share during the analogous period the previous year.

When excluding exceptional items, earnings stood at $2.65 per share. This falls short of the average prediction of $3.86 per share as projected by analysts surveyed by Thomson-Reuters.

For the fourth quarter, net sales amounted to $5.473 billion, a small decrease of 1.5% from the previous year's $5.559 billion. The consensus estimate projected a net sale of $5.59 billion.

At the moment, WCC shares are priced at $151.20, having fluctuated between $121.91 and $195.43 over the past year.