On July 30, Wesco International Inc rose 8.29% in pre-market trading, trading at $328.0 per share. The surge was driven by the company's Q2 earnings release, which significantly exceeded market expectations on both the top and bottom lines, accompanied by an upward revision to full-year guidance.

Specifically, Q2 adjusted EPS came in at $4.57, representing a 34.81% year-over-year increase and beating the analyst consensus estimate of $3.97 by 15.11%. Revenue reached $6.665 billion, up 13.1% year-over-year and surpassing the $6.44 billion estimate. Additionally, the company raised its full-year adjusted EPS guidance to $16.00-$17.50, above the FactSet consensus of $16.08, marking the second consecutive upward revision to annual guidance.

This quarter's beat follows a strong Q1 in which EPS of $3.37 exceeded estimates by over 21%. The company recently completed the acquisition of Newark Engineering Group for $136 million to expand data center cooling services, and received a Stephens upgrade to overweight with a $400 price target in mid-July.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)