Revenue Update on WESCO International(NYSE:WCC)

WESCO International(NYSE:WCC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $1.91B. Analysts estimated a revenue of $1.88B. Earnings per share were $1.02. Analysts had estimated an EPS of $0.98.

WESCO International (WCC) made into the market gainers list on Thursdays trading session with the shares advancing 0.24% or 0.13 points. Due to strong positive momentum, the stock ended at $54.87, which is also near the day’s high of $55.31. The stock began the session at $53.65 and the volume stood at 3,37,864 shares. The 52-week high of the shares is $62.66 and the 52 week low is $34. The company has a current market capitalization of $2,316 M and it has 4,22,02,442 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 3, 2016, James J /ky Obrien (director) purchased 1,540 shares at $38.78 per share price.Also, On Apr 30, 2015, John Engel (Chairman, President & CEO) sold 22,357 shares at $71.09 per share price.On Apr 30, 2015, Oss Stephen A Van (SVP & COO) sold 22,357 shares at $71.17 per share price, according to the Form-4 filing with the securities and exchange commission.

WESCO International Inc. (WESCO International) is a distributor of products and provider of supply chain management and logistics services used in industrial construction utility and commercial institutional and government (CIG) markets. The Company is a provider of electrical industrial and communications maintenance repair and operating (MRO) and original equipment manufacturers (OEM) products construction materials and advanced supply chain management and logistics services. The Company’s product categories include general electrical and industrial supplies wire cable and conduit data and broadband communications power distribution equipment lighting and lighting control systems control and automation motors and safety. It offers a portfolio of value-added capabilities which includes supply chain management logistics and transportation procurement warehousing and inventory management as well as kitting limited assembly of products and system installation.

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