General Cable Down Over 15% on Downbeat Earnings

General Cable BGC is down over 15% on the downbeat earnings and EPS guidance reported this morning. The company announced Q2 EPS $0.77 vs $0.83 Est; Revenues $1.53B vs $1.60B Est and guided Q3 EPS $0.66-0.76 vs $0.77 Est. General Cable is currently trading at $33.75, a loss of $6.25 or 15.62%.