Houston Wire & Cable Company (HWCC) Misses Q3 EPS by 1c

Houston Wire & Cable Company (NASDAQ: HWCC) reported Q3 EPS of $0.20, $0.01 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $96.7 million versus the consensus estimate of $100.37 million.

Jim Pokluda, President and Chief Executive Officer, commented, "We were pleased to post our third consecutive quarter of year-over-year revenue growth despite uneven product demand in our Maintenance, Repair and Operations (MRO) business. Total revenue increased 1.6% over the comparable period and 3% when adjusted for fluctuations in the price of metals. Market conditions remain very competitive and day to day activity is unpredictable and continues to vary by region. While the project pipeline still indicates heavy future investment in a variety of capital projects, commencement dates on a high percentage of the work are being pushed back into 2015 and later years."

For earnings history and earnings-related data on Houston Wire & Cable Company (HWCC) click here.

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