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Coleman Cable expects 2Q profit in range of forecasts



09 May 2008 @ 07:57 am EST

WAUKEGAN, Ill. (AP) - Electrical wire manufacturer Coleman Cable Inc. said Thursday it expects fiscal second-quarter earnings in the range of analyst expectations.

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It forecast earnings per share in the range of 15 cents per share to 24 cents per share on sales of $245 million to $255 million.

Analysts polled by Thomson Financial expect profit of 22 cents per share on sales of $254.5 million.

The company said its new Midwest distribution center in Pleasant Prairie, Wis., which it opened in April, should improve efficiency and reduce costs.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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