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General Cable Earnings Preview For Nov, 2013

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General Cable Corp. (BGC)

Background: General Cable Corporation engages in the development, design, manufacture, marketing, and distribution of copper, aluminum, and fiber optic wire and cable products for use in the energy, industrial, construction, specialty, and communications markets worldwide.

Investors aren't expecting an improvement in earnings. Analysts forecast per share results below last year in the same quarter. The earnings release is planned after the market closes on November 4, 2013.

The average estimate is currently 55 cents a share, backsliding 5 cents (8.3%) from 60 cents during the matching period in the previous year. The lowest analyst estimate this report is 51 cents per share, and the highest is 58 cents per share.

The company currently pays 72 cents per share in dividends for a yield of 2.2%.

Short interest over 10% should give pause to investors looking at this company. The current percentage of the float short is 11.5%.

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Stock Tickers: BGC Author Disclosure: n/a