Watsco (WSO) reported Q3 earnings Wednesday of $4.22 per diluted share, down from $4.35 a year earlier.
Analysts polled by Capital IQ expected $4.74.
Revenue for the quarter ended Sept. 30 was $2.16 billion, up from 2.13 billion a year earlier.
Analysts surveyed by Capital IQ expected $2.24 billion.
Watsco shares were 3% lower in premarket trading.
Price: 470.00, Change: -14.77, Percent Change: -3.05