Revenue Update on General Cable Corporation(NYSE:BGC)

General Cable Corporation(NYSE:BGC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $990.00M. Analysts estimated a revenue of $991.77M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.31.

General Cable Corporation (BGC) shares turned negative on Fridays trading session with the shares closing down -0.15 points or -1.01% at a volume of 7,08,093. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.96. The peak price level was also seen at $14.96 while the days lowest was $14.5. Finally the shares closed at $14.71. The 52-week high of the shares is $16.405 while the 52-week low is $6.215. According to the latest information available, the market cap of the company is $725 M.

General Cable Corporation has also declared a cash dividend of $0.1800 on Aug 2, 2016. The shares will quote ex-dividend on Sep 7, 2016 and the record date has been fixed on Sep 9, 2016. The dividend payable date has been fixed on Sep 30, 2016.

Several Insider Transactions has been reported to the SEC. On Jun 20, 2016, Gregory E Lawton (director) purchased 900 shares at $14.00 per share price.Also, On Jun 1, 2016, John E Iii Welsh (director) purchased 100 shares at $13.86 per share price.On Apr 8, 2015, Gregory J. Lampert (EVP, Pres. & CEO, Americas) sold 4,984 shares at $17.61 per share price, according to the Form-4 filing with the securities and exchange commission.

General Cable Corporation is engaged in the development design manufacture marketing and distribution of copper aluminum and fiber optic wire and cable products for use in the energy industrial construction specialty and communications markets. The Company operates through four segments: North America Europe Latin America and Africa/Asia Pacific. The Company additionally engages in the design integration and installation on a turnkey basis for products such as high and extra-high voltage terrestrial and submarine systems. The Company’s segments develops designs manufactures markets and distributes copper aluminum and fiber optic wire and cable products for use in the energy industrial construction specialty and communications markets and electric utility electrical infrastructure construction and communications industries. It offers five categories of products such as electric utility electrical infrastructure communications construction and rod mill.

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