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Stock Market & Financial Investment News

News Breaks
February 26, 2013
08:03 EDTBGCGeneral Cable valuation appealing, says DA Davidson
After General Cable provided much lower than expected Q1 EPS guidance, DA Davidson still expects the company's earnings to increase this year, and believes that the company has several upcoming positive catalysts. The firm maintains a Buy rating on the shares.
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July 30, 2014
17:09 EDTBGCGeneral Cable backs 2014 adjusted income view $200M-$230M
General Cable sees 2014 global unit volume flat to down low single digits year-over-year due to the lack of consistent momentum in utility and construction spending in North America and Latin America as well as ongoing challenges in Spain and Thailand. The company expects to generate $135M-$165M of operating cash flow in 2014 with capital spending below depreciation. The revised operating cash flow outlook principally reflects funding higher working capital for 2014.
17:07 EDTBGCGeneral Cable sees Q3 adjusted 35c-55c, consensus 51c
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17:05 EDTBGCGeneral Cable reports Q2 adjusted EPS 29c, consensus 28c
Reports Q2 revenue $1.53B, consensus $1.60B.

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