General Cable reported third quarter earnings of $16.4 million, or 31 cents a share, compared with earnings of $50.5 million, or 94 cents a share, a year ago. Excluding items, it earned 55 cents a share. Net sales fell 25 percent to $1.08 billion.
Company said weak demand and rising metal prices would hurt its fourth-quarter earnings.
Oct 26 · 10:10:00 AM · Source: Company News Release
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by Larry Etter
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