General Cable (BGC) Posts Q1 GAAP EPS of 17c

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

For earnings history and earnings-related data on General Cable (BGC) click here.

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