Taxes & FX Dents BGC’s Profits Again
General Cable Corporation (NYSE:BGC) reported fourth-quarter 2011 earnings per share of 9 cents, below the Zacks Consensus Estimate of 37 cents. The earnings per share were below the prior-year earnings per share of 66 cents. Excluding the impact of 10 cents per share of non-cash convertible debt interest expense and 11 cents per share of [...]
General Cable Corporation (NYSE:BGC) reported fourth-quarter 2011 earnings per share of 9 cents, below the Zacks Consensus Estimate of 37 cents. The earnings per share were below the prior-year earnings per share of 66 cents.
Excluding the impact of 10 cents per share of non-cash convertible debt interest expense and 11 cents per share of mark-to-market losses on financial derivatives, adjusted non-GAAP earnings per share came in at 30 cents in the quarter.
For 2011, earnings per share were $1.61 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards