Houston Wire & Cable Company (HWCC) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Houston Wire & Cable Company (HWCC) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.01 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.04. The company posted revenue of $64.71 million in the period, compared to analysts expectations of $71.63 million. The company’s revenue was down -20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Houston Wire & Cable Company opened for trading at $7.065 and hit $7.07 on the upside on Wednesday, eventually ending the session at $7.06, with a gain of 0.28% or 0.02 points. The heightened volatility saw the trading volume jump to 59,658 shares. Company has a market cap of $117 M.

In a different news, on Nov 18, 2015, Michael T Campbell (director) purchased 4,000 shares at $5.63 per share price.

Houston Wire & Cable Company is a holding company. The Company is a provider of electrical and mechanical wire and cable hardware and related services. Its cable management program includes purchasing and storing inventory for product availability. It offers products in categories of wire and cable including continuous and interlocked armor cable; control and power cable; electronic wire and cable; flexible and portable cord; instrumentation and thermocouple cable; lead and high temperature cable; medium voltage cable; premise and category wire and cable; primary and secondary aluminum distribution cable; steel wire rope and wire rope slings and synthetic fiber rope slings chain shackles and other related hardware. It also offers private branded products including its brand LifeGuard a low-smoke zero-halogen cable. Its products are used in repair and replacement work also referred to as maintenance repair and operations (MRO) and related projects.

Houston Wire & Cable Company

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