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General Cable Corp Issues Q4 2013 Guidance; Earnings Guidance Below Analysts' Estimates

Monday, 4 Nov 2013 04:15pm EST 

General Cable Corp announced that for the fourth quarter of 2013, it expects revenues to be in the range of $1.55 to $1.6 billion on flat to slightly lower global unit volume sequentially. The Company expects operating income to be in the range of $50 to $60 million. Adjusted earnings per share are expected to be in the range of $0.25 to $0.35 per share before the impact of non-cash convertible debt interest expense and mark to market gains or losses on derivative instruments. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $1.6 billion and EBIT of $71 million and EPS of $0.51 for the fourth quarter of 2013. 

Company Quote

-0.54 -1.13%
28 May 2015