How did WCC's Q4 earnings surprise impact its annual performance?

Wesco International (WCC) experienced a decline in net income in the fourth quarter (Q4), which had a significant impact on its annual performance.

1. **Q4 Performance**: WCC's Q4 net income was not provided in the search results, but we know it was lower than expected, with earnings per share (EPS) of $3.58, missing the consensus estimate of $3.22. This indicates a negative earnings surprise.

|code|Ticker|Name|Date|Net Income (FY)|market_code|
|---|---|---|---|---|---|
|WCC|WCC.N|Wesco International|2020|1.00039E8|169|
|WCC|WCC.N|Wesco International|2021|4.664E8|169|
|WCC|WCC.N|Wesco International|2022|8.621E8|169|
|WCC|WCC.N|Wesco International|2023|7.661E8|169|
|WCC|WCC.N|Wesco International|2024|7.194E8|169|

2. **Annual Performance Impact**:
- WCC's annual net income is negatively affected by the Q4 performance. The Q4 earnings miss contributes to a lower full-year net income.
- The decline in Q4 revenue, which was a 2.8% year-over-year drop to $5.49 billion, also impacts the annual revenue, further contributing to a lower full-year earnings figure.
- The lowered expectations for WCC's FY 2024 guidance to $12.00-$13.00 reflect the impact of the Q4 earnings miss on the company's annual performance outlook.
3. **Analyst Reaction and Future Outlook**: The Q4 earnings miss has led to a decrease in holdings by Diamond Hill Capital Management Inc., indicating a more cautious outlook among investors. This could further affect WCC's creditworthiness and future investment decisions.

In conclusion, WCC's Q4 earnings miss has significantly impacted its annual performance, leading to a lower full-year net income and revenue. This, in turn, has influenced investor sentiment and future performance expectations.