03 AUGUST 2016AlCircle.com
Encore Wire Corporation posts Q2 & FY 2016 Results: Revenues estimated at $238.83mln
Edited by : Dipanwita Gupta
1 min read
<p>Nasdaq listed Encore Wire Corporation announced the earnings results for Second Quarter and Fiscal Year 2016. The results came in during After-hours on Jul 27, 2016. The company reported revenue of $238.83 million. Analysts estimated revenue of $241.88 million. Earnings per share were $0.38. Analysts had estimated an EPS of $0.57.<br /><br />Encore Wire Corporation is a manufacturer of electrical building wire and cable. The Company is a supplier of building wire for interior electrical wiring in commercial and industrial buildings homes apartments and manufactured housing. The Company offers an electrical building wire product line that consists primarily of NM-B cable UF-B cable THHN/THWN-2 and other types of wire products including metal clad and armoured cable. All of these products are manufactured with copper or aluminium as the conductor.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/wires.jpg" alt="News" width="640" height="366" /><br /><br />Encore Wire Corporation (WIRE) shares have been charting a downtrend on news related to insider trading. The shares have been rated ‘Buy’ by major brokerage firms.</p>
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