Encore Wire Reports First Quarter Results
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Encore Wire (WIRE) Misses Q1 EPS by 8c, Revenues Beat
April 30, 2019 4:06 PM EDTEncore Wire (NASDAQ: WIRE) reported Q1 EPS of $0.64, $0.08 worse than the analyst estimate of $0.72. Revenue for the quarter came in at $314.7 million versus the consensus estimate of $295.67 million.
Commenting on the results, Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, We are pleased with our improved results in the first quarter versus the first quarter of last year. There are some key items to note. Net sales dollars increased significantly in the first quarter comparisons of 2019 to 2018. The increased top line was driven primarily by higher unit... More
