Encore Wire (WIRE) Misses Q2 EPS Estimates By 24c
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Encore Wire (Nasdaq: WIRE) reports Q2 EPS of $0.06, 24 cents below the analyst estimate of $0.30. Revenues for the quarter were $322.8 million, versus the consensus of $312.61 million.
Encore Wire Corporation manufactures copper electrical building wire and cable in the United States.
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WIRE
thewhitekt@aol.com on Jul 23, 2008 11:33 PMthe estimate was made by analysts who do not understand the business or LIFO accounting. the estimate was not made or condoned by the company. the earnings of this company entirely are determined by the "Spread" and by the pricing environment.