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Watsco Inc Lowers FY 2012 EPS Guidance
Watsco Inc revised fiscal 2012 guidance and expects diluted earnings per share to a range of $3.00 to $3.10 per diluted share, excluding the impact of the special dividend cited above, representing growth of 9% to 13% over last year. Diluted EPS on a GAAP basis (including the impact of the special dividend) is estimated to be in the range of $2.66 to $2.76 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $3.17 for fiscal 2012.
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