Pool Corp falls after missing Q1 profit estimates

Swimming pool supplier Pool Corp's POOL.O shares fall 2% to $304 in early trading as Q1 profit misses estimates on weak equipment demand and higher costs

Co posted Q1 adj profit of $1.32 per share, missing analysts' estimate of $1.49 per share, according to LSEG-compiled data

Q1 revenue falls 4.4% from a year ago to $1.07 bln, compared with estimates of $1.10 bln

Co, however, raised its annual earnings forecast to a range of $11.10 per share to $11.60 per share, from $11.08 per share to $11.58 per share

5 of 14 brokerages rate the stock "buy" or higher, 8 "hold" and 1 "sell"; their median PT is $337.65 - LSEG

As of last close, stock had fallen 10.9% YTD