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Stock Market & Financial Investment News

News Breaks
April 24, 2014
06:13 EDTWCCWESCO reports Q1 EPS 97c, consensus $1.07
Reports Q1 revenue $1.81B, consensus $1.83B. John J. Engel, WESCO's chairman and CEO, stated, "Our Q1 results reflect an improving U.S. economy largely offset by the impacts of severe winter weather conditions in both the U.S and Canada. Sales in the U.S. were up approximately 3% with mid-single digit organic sales growth in all of our end markets, except construction, where sales declined primarily due to weather related project delays. Sales in Canada declined approximately 4% organically versus last year. While we face near-term foreign exchange headwinds in Canada, we continue to view that market favorably. After a slow start in January, sales momentum improved through the quarter and has further accelerated in April."
News For WCC From The Last 14 Days
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December 17, 2014
09:09 EDTWCCWESCO authorizes $300M share repurchase program
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09:07 EDTWCCWESCO sees FY15 EPS $5.50-$5.90, consensus $6.06
FY15 sales growth estimated in the range of 3%-6%, consensus $8.37B. Sees FY15 free cash flow to be approximately 80% of net income. CEO John Engel said, "Our acquisition pipeline remains robust, and we see excellent ongoing opportunities to strengthen our electrical core and broaden our portfolio of products and services."
09:06 EDTWCCWESCO sees FY14 EPS at lower end of $5.25-$5.35 range, consensus $5.28
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December 11, 2014
09:04 EDTWCCWESCO to host conference call
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December 8, 2014
09:03 EDTWCCConcurrent announces strategic agreement with WESCO division
Concurrent (CCUR) announced a strategic agreement with TVC Communications, a division of WESCO Distribution (WCC), to resell Concurrent’s UpShift Unified Content Delivery Solution to customers throughout the Caribbean and Latin America.

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