Anixter Int'l (AXE) Misses Q3 EPS by 4c

Anixter Int'l (NYSE: AXE) reported Q3 EPS of $1.21, $0.04 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.52 billion.

The company said: “Based on current backlog trends we believe that momentum in our security and network infrastructure businesses will continue in the fourth quarter. While our Wire & Cable business continues to be impacted by macro-economic headwinds, including lower copper and oil prices, the acquisition of Power Solutions is a critical strategic step to increase the competitiveness and profitable growth of this business going forward. With year-to-date 2015 organic sales growth from continuing operations of 2.1 percent, we expect our full year organic sales growth to be in the 1.5 - 2.5 percent range."

For earnings history and earnings-related data on Anixter Int'l (AXE) click here.

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