General Cable (NYSE: BGC) reported Q1 EPS of ($0.17), $0.19 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $974 million versus the consensus estimate of $847.57 million.

First quarter adjusted operating income was $42 million, up $14 million sequentially and $16 million above guidance mid-point, reflecting improvement in demand for electric utility cables in North America, strong performance of the subsea turnkey project business in Europe and savings from restructuring initiatives

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