Austin, TX 3/13/12 (StreetBeat) -- Shares of Coleman Cable (Nasdaq: CCIX) fell 25 percent on Tuesday, after the cable maker forecast first-quarter earnings below analysts' estimates.The company warned fluctuations in copper prices, or in other raw materials such as petroleum-based compounds and transportation costs could impact profitability.
Coleman stock, the top percentage loser on the Nasdaq on Tuesday, was trading down 21 percent at $10.22. They fell to a two-month low of $9.71 earlier in the session.
Coleman forecast earnings of 14 cents to 27 cents a share, compared with analysts' estimates of 32 cents a share, according to Thomson Reuters I/B/E/S.
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