Benzinga | Jul 29, 2020 05:13PM EDT

Encore Wire Q2 EPS $0.60 Misses $0.70 Estimate, Sales $253.60M Miss $283.06M Estimate

Encore Wire (NASDAQ:WIRE) reported quarterly earnings of $0.60 per share which missed the analyst consensus estimate of $0.70 by 14.29 percent. This is a 29.41 percent decrease over earnings of $0.85 per share from the same period last year. The company reported quarterly sales of $253.60 million which missed the analyst consensus estimate of $283.06 million by 10.41 percent. This is a 24.72 percent decrease over sales of $336.87 million the same period last year.