Coleman Cable (CCIX) Reports Q3 Earnings, Guides Below for Q4
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Coleman Cable, Inc. (Nasdaq: CCIX) reports Q3 EPS of $0.25 vs. the analyst estimate of $0.15 - may not be comparable. Revenue for the quarter was $270.7 million, versus the consensus of $268.97 million.
CCIX reported Q3 EPS of $0.10. Less impact of: Restructuring charges of $0.09 per share and Insurance recovery allowance of $0.06 per share, CCIX reported Q3 EPS of $0.25 per share (ex-items)
"Taking into consideration the current economic climate, for the fourth quarter of 2008 we expect revenues will be in a range of $190 million to $215 million, Adjusted EBITDA in a range of $13 million to $18 million, and Adjusted earnings per share in a range of $0.03 to $0.15.'' (Q4 revenue consensus is $265.79 million and EPS consensus is $0.18)
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