General Cable Corporation (BGC) Releases Earnings Results, Misses Expectations By $-0.01 EPS

General Cable Corporation (BGC) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.30 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.31. The company posted revenue of $990.00 million in the period, compared to analysts expectations of $985.35 million. The company’s revenue was down -11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

General Cable Corporation closed down -0.54 points or -3.72% at $13.99 with 5,67,546 shares getting traded on Tusday. Post opening the session at $14.54, the shares hit an intraday low of $13.99 and an intraday high of $14.67 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 20, 2016, Gregory E Lawton (director) purchased 900 shares at $14.00 per share price. According to the SEC, on Jun 1, 2016, John E Iii Welsh (director) purchased 100 shares at $13.86 per share price. On Apr 8, 2015, Gregory J. Lampert (EVP, Pres. & CEO, Americas) sold 4,984 shares at $17.61 per share price, according to the Form-4 filing with the securities and exchange commission.

General Cable Corporation is engaged in the development design manufacture marketing and distribution of copper aluminum and fiber optic wire and cable products for use in the energy industrial construction specialty and communications markets. The Company operates through four segments: North America Europe Latin America and Africa/Asia Pacific. The Company additionally engages in the design integration and installation on a turnkey basis for products such as high and extra-high voltage terrestrial and submarine systems. The Company’s segments develops designs manufactures markets and distributes copper aluminum and fiber optic wire and cable products for use in the energy industrial construction specialty and communications markets and electric utility electrical infrastructure construction and communications industries. It offers five categories of products such as electric utility electrical infrastructure communications construction and rod mill.

General Cable Corporation

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