BUSINESS

Commvault and Watsco Announce Quarterly Financial Results

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TINTON FALLS, N.J. — Commvault Systems Inc. on Tuesday reported fiscal fourth-quarter profit of $14.6 million, or 34 cents per share, with adjusted earnings of $1.28 per share and revenue of $311.7 million, exceeding Zacks-sourced Wall Street estimates; the company provided full-year revenue guidance of $1.30–$1.31 billion this week. COCONUT GROVE, Fla. — Watsco Inc. on Tuesday reported first-quarter net income of $79.1 million, or $1.87 per share, and revenue of $1.53 billion; both reports were published via Automated Insights using Zacks data, prompting investors and analysts this week to update short-term models and consider guidance changes for Commvault ahead of upcoming reporting cycles.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

Companies complete fiscal periods and prepare financial disclosures.
Zacks Investment Research compiles analyst estimates referenced by Automated Insights.
Automated Insights generates AP-formatted earnings snapshots using Zacks data.
On Tuesday, AP-distributed summaries published Commvault and Watsco results to partner outlets.
Investors and analysts review reported figures and update models and guidance.

Why This Matters to You

These financial results affect your wallet. If you're an investor in Commvault or Watsco, these figures can influence your portfolio's performance. Even if you're not, these companies' health can impact the economy, jobs, and market trends. Keep an eye on such reports.

The Bottom Line

Commvault and Watsco's recent financial results exceeded expectations, indicating potential growth. It's a good reminder to stay informed about the companies you invest in or are considering. Worth forwarding if you know someone with stocks in these companies.