Benzinga | Jul 27, 2021 05:08PM EDT

Encore Wire Q2 EPS $8.82 May Not Compare To $1.38 Estimate, Sales $744.40M Beat $456.51M Estimate

Encore Wire (NASDAQ:WIRE) reported quarterly earnings of $8.82 per share which beat the analyst consensus estimate of $1.38 by 539.13 percent. This is a 1370 percent increase over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $744.40 million which beat the analyst consensus estimate of $456.51 million by 63.06 percent. This is a 193.50 percent increase over sales of $253.63 million the same period last year.