Encore Wire Reports Third Quarter Results
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Encore Wire (WIRE) Tops Q3 EPS by 42c, Revenue Beat
October 30, 2018 4:07 PM EDTEncore Wire (NASDAQ: WIRE) reported Q3 EPS of $1.13, $0.42 better than the analyst estimate of $0.71. Revenue for the quarter came in at $340.7 million versus the consensus estimate of $302.86 million.
Commenting on the results, Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, We are very pleased with our highly improved results in the third quarter and on a year to date comparison. There are some key items to note. Net sales dollars increased significantly, in both the quarterly and nine month comparisons of 2018 to 2017. The increased top line was... More
