Watsco Inc. (WSO) on Tuesday reported first-quarter profit of $35 million.
The Miami-based company said it had profit of 88 cents per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 88 cents per share.
The heating and cooling company posted revenue of $931.3 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $944.3 million.
Watsco shares have climbed 8.5 percent since the beginning of the year. The stock has decreased 20 percent in the last 12 months.
