July 21, 2011 / 10:24 AM / in 6 years

UPDATE 1-WESCO International Q2 profit beats Street

* Q2 EPS $1.00 vs est $0.92

* Q2 sales $1.52 bln vs est $1.53 bln

* Says operating margins up 150 basis points to 5.6 pct (Follows alerts)

July 21 (Reuters) - Electrical products distributor Wesco International Inc posted quarterly profit that beat Wall Street estimates, helped by strong demand from its industrial end-market and higher margins.

The company, whose rivals include Anixter International Inc and Houston Wire & Cable Co , supplies products ranging from lamps to industrial computers to batteries and gets most of its revenue from construction and industrial markets.

April-June earnings was $50.2 million, or $1 a share, compared with $27.8 million, or 60 cents a share, a year ago.

Sales at the company, which has branches in countries including the United States, Canada, Mexico and the UK, rose 21 percent to $1.52 billion.

Analysts, on average, had expected earnings of 92 cents a share on revenue of $1.53 billion, according to Thomson Reuters I/B/E/S.

Shares of the Pittsburgh-based company closed at $52.47 on Wednesday on the New York Stock Exchange. (Reporting by Megha Mandavia in Bangalore; Editing by Joyjeet Das) (megha.mandavia@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging; megha.mandavia.reuters.com@reuters.net))

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