General Cable Posts Q4 Profit - Quick Facts

(RTTNews) - General Cable Corp. (BGC) Wednesday reported fourth-quarter profit of $13.7 million or $0.27 per share, compared to a loss of $15.8 million or $0.32 per share in the same period last year.

Adjusted earnings for the quarter were $0.36 per share. On average, five analysts polled by Thomson Reuters expected the company to earn $0.29 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased $1.66 billion from $1.62 billion last year. Analysts expected sales of $1.55 billion.

Looking ahead to the first quarter, the company has forecast earnings in the range of $0.04 to $0.21 per share, with adjusted earnings ranging between $0.05 to $0.22 per share.

Revenues are expected to range between $1.55 billion and $1.60 billion. Analysts currently expect the company to earn $0.35 per share on first-quarter revenues of $1.55 billion.