Investing.com - Encore Wire reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Encore Wire announced earnings per share of $9.97 on revenue of $762.36. Analysts polled by Investing.com anticipated EPS of $6.82 on revenue of $693.13M.
Encore Wire shares are up 22.07% from the beginning of the year and are trading at $142.00 , down-from-52-week-high.
Encore Wire shares gained 4.56% in after-hours trade after the report.
Encore Wire follows other major Industrials sector earnings this month
Encore Wire's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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