American Encore Cable Company saw quarterly earnings rise

Shares rating network said that the United States Encore Cable Company announced its quarterly earnings data on Wednesday. The data showed that the earnings per share for the quarter was $0.31, which was $0.06 more than the analysts forecasted of $0.25.

This quarter, the company’s revenue was US$265.4 million, and the analyst’s forecasted data was US$255.2 million (approximately RMB1.64 billion). In the same quarter of last year, the company earned $0.29 per share. The total quarterly earnings of Anke Cable fell by 5.4% compared with the same period of last year.

On Wednesday, the company's stock price rose 3.86% to reach $33.33. During the 52-week period, the value of the trading floor was $23.58 and the peak was $35.41. The moving average of the stock price within 50 days is 33.51 USD. The company's market capitalization is 688.7 million U.S. dollars, and the stock price-to-earnings ratio is 35.26.

About Encore Cable

Encore Cable Company manufactures copper wire used to make wire and cable. The company not only supplies indoor wiring for houses, apartments and manufacturing houses, but also commercial and industrial building production lines. The company's customers are wholesale electrical distributors for the residential and commercial market.

This exchange rate: 1 US dollar = 6.18 yuan