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	<title>Stock Blog Hub &#187; HWCC</title>
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		<title>(HWCC) Uncertain Outlook for Houston Wire &amp; Cable Company</title>
		<link>http://www.stockbloghub.com/2009/08/25/hwcc-uncertain-outlook-for-houston-wire-cable-company/13345</link>
		<comments>http://www.stockbloghub.com/2009/08/25/hwcc-uncertain-outlook-for-houston-wire-cable-company/13345#comments</comments>
		<pubDate>Tue, 25 Aug 2009 20:59:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Electronics Wholesale]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[Houston Wire & Cable Company]]></category>
		<category><![CDATA[HWCC]]></category>

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		<description><![CDATA[Earlier this month, Houston Wire &#38; Cable Company (HWCC) reported second quarter earnings of 10 cents per share, below the Zacks Consensus Estimate of 17 cents and prior year earnings of 44 cents per share. The company’s cost reduction and productivity improvement efforts could not fully offset the impact of lower sales on the company’s earnings. Quarterly sales fell 36.5% year over year to $61.9 million due to continued weakness in demand for the company’s products and a significant reduction in copper prices. The company estimates that sales from its five major growth initiatives &#8212; Emission Controls, Engineering &#38; Construction, Industrials, LifeGuard and Utility Power Generation &#8212; have increased approximately 5%–10% in each case after adjusting for copper deflation, while sales in the Repair and Replacement sector declined in double ]]></description>
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