General Cable (BGC) Declares $0.18 Quarterly Dividend; 5.2% Yield

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Go back to General Cable (BGC) Declares $0.18 Quarterly Dividend; 5.2% Yield

General Cable (BGC) Misses Q3 EPS by 10c; Plans to Exit Asia-Pac; Announces CEO Transition

October 29, 2014 4:44 PM EDT

General Cable (NYSE: BGC) reported Q3 EPS of $0.30, $0.10 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $1.47 billion versus the consensus estimate of $1.52 billion.

John E. Welsh, III, Chairman, said, The Board has concluded its extensive review of the Companys strategic alternatives and operational structure, and has determined that the best way to maximize value to shareholders in the current global environment is to simplify our geographic portfolio, reduce operational complexity and focus on delivering increased returns from our core strategic operations in North America, Latin America and... More