Watsco (WSO) reported Q3 earnings Wednesday of $3.98 per diluted share, down from $4.22 a year earlier.
Analysts polled by FactSet expected $4.27.
Revenue for the quarter ended Sept. 30 was $2.07 billion, compared with $2.16 billion a year earlier.
Analysts surveyed by FactSet expected $2.14 billion.
Shares of the company were down 2 % in recent Wednesday premarket activity.