The industrial sector's winter of discontent continued with industrial supply company WESCO (NYSE: WCC )
managing to miss estimates in the fourth quarter. There is no doubt
that weather has had a serious effect on the industrial sector, but
anecdotal evidence suggests that long-cycle industrial orders are doing
well. Meanwhile, companies exposed to short-cycle orders are seeing an
inevitable slowdown. Is this creating a buying opportunity whereby
growth will snap back rapidly? Moreover, which sectors are seeing
growth?
WESCO misses estimates
Sales came in below internal expectations for the fourth quarter, and WESCO further disappointed the market by announcing that its January sales to date were down 4%. All of which must make Foolish investors wonder how the company is going to hit its guidance of flat to 3% growth in sales for the first quarter.
Sales came in below internal expectations for the fourth quarter, and WESCO further disappointed the market by announcing that its January sales to date were down 4%. All of which must make Foolish investors wonder how the company is going to hit its guidance of flat to 3% growth in sales for the first quarter.
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