Wesco International Inc
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Industrials : Trading Companies & Distributors | Mid Cap Blend
Company profile

WESCO International, Inc. is a provider of business-to-business distribution, logistics services and supply chain solutions. The Company conducts its business through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS). The EES segment supplies a range of products and solutions primarily to the construction, industrial and original equipment manufacturer (OEM) markets. Its EES segment supplies various products, including electrical equipment and supplies, automation and connected devices (the Internet of Things), security, lighting, wire and cable, safety, and maintenance, repair and operating (MRO) products. Its CSS segment operates in the network infrastructure and security markets. The UBS segment provides products and services to investor-owned utilities, public power companies, including municipalities, as well as global service providers, wireless providers and broadband operators.

Day's Change
0.89 (0.63%)
B/A Size
Day's High
Day's Low

Today's volume of 252,132 shares is on pace to be much lighter than WCC's 10-day average volume of 708,643 shares.


Macy's stock soars 7% premarket after earnings beat as company raises full-year EPS guidance

7:08 am ET November 17, 2022 (MarketWatch)

Macy's Inc. stock soared 7% in premarket trade Thursday, after the department store chain beat consensus estimates for the third quarter and raised its full-year profit guidance. The operator of Macy's, Bloomingdales and Bluemercury stores posted net income of $108 million, or 39 cents a share, for the quarter, down from $239 million or 76 cents a share, in the year-earlier period. Adjusted per-share earnings came to 52 cents, ahead of the 18 cent FactSet consensus. Sales fell to $5.230 billion from $5.440 billion a year ago, but were ahead of the $5.202 billion FactSet consensus. Same-store sales fell 3.1% on an owned basis and were down 2.7% on an owned-plus-licensed basis. The FactSet consensus was for a decline of 4.3%. Chief Executive Jeff Gennette said luxury outperformed at Bloomingdale's and Bluemercury and that the company's Polaris strategy that aims to boost profitability is working. The company is now expecting full-year adjusted EPS of $4.07 to $4.27, up from prior guidance of $4.00 to $4.20. It still expects full-year sales of $24.340 billion to $24.580 billion. Shares have fallen 25% in the year to date, while the S&P 500 has fallen 17%.

-Ciara Linnane


(END) Dow Jones Newswires

November 17, 2022 07:08 ET (12:08 GMT)

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