Monday, May 20, 4:52 PMGeneral Cable (BGC) declares its first-ever quarterly dividend of $0.18/share. Forward yield 2.11%. For shareholders of record June 10. Payable June 28. Ex-div date June 06. Shares +4.2% AH. (PR)
Monday, February 25, 12:05 PM
General Cable (BGC -6.1%) slides after Q4 results largely meet estimates, but the company gave a downbeat Q1 forecast, citing seasonal factors in its energy, construction and communications businesses. The company does however, anticipate a sharp improvement for the following quarter. It now expects an EPS of $0.22 to $0.32 and revenue of $1.55B to $1.6B. The Street is at $0.50 per share on revenue of $1.66B.
Comment![Earnings, On the Move]
Monday, October 29, 2012, 4:29 PMGeneral Cable (BGC): Q3 EPS of $0.60 misses by $0.05. Revenue of $1.5B in-line. (PR)
Monday, July 30, 2012, 4:52 PMGeneral Cable (BGC): Q2 EPS of $0.74 beats by $0.01. Revenue of $1.48B (-3.5% Y/Y) misses by $110M. Shares -2.5% AH. (PR)
Comment![Earnings, Tech, On the Move]
Monday, May 21, 2012, 8:22 AM
General Cable (BGC) agrees to acquire Alcan Cable, the wire and cable business of Rio Tinto (RIO), for $185M in cash. BGC says it expects to use its revolving credit facility to principally fund the transaction. BGC +0.7%, RIO +1.9% premarket.
2 Comments[M&A, Commodities, On the Move]
Monday, April 30, 2012, 5:05 PMGeneral Cable (BGC): Q1 EPS of $0.48 beats by $0.15. Revenue of $1.43B (+7% Y/Y) beats by $30M. (PR)
Wednesday, February 8, 2012, 5:55 PMGeneral Cable (BGC): Q4 EPS of $0.30 misses by $0.07. Revenue of $1.37B (+0.8% Y/Y). (PR)
Tuesday, November 1, 2011, 1:14 PM
General Cable (BGC) continues to plunge, now down over 22%, after a disapointing Q3 report yesterday where it missed analysts' estimates due to poor FX execution and lowered its Q4 guidance.
Comment![On the Move]
Monday, October 31, 2011, 4:46 PM
More on General Cable (BGC): Q3 misses across the board, primarily due to foreign exchange losses and an additional tax expense. The company also lowers Q4 guidance due to global uncertainty. Separately, the board approves a $125M share buyback. Shares -12.7% AH.