Encore Wire Corp. (NASDAQ:WIRE) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. Adjusted Earnings Per Share decreased 13.79% to $0.25 in the quarter versus EPS of $0.29 in the year-earlier quarter. Revenue rose 3.91% to $258 million from the year-earlier quarter.
Encore Wire Corp. reported adjusted EPS income of $0.25 per share. By that measure, the company missed the mean analyst estimate of $0.35. It beat the average revenue estimate of $255.2 million.