Belden: Q2 Earnings Snapshot

Belden: Q2 Earnings Snapshot

Summary :

The St. Louis-based company said it had net income of $1.31 per share. Earnings, adjusted for non-recurring costs, came to $1.60 per share.

The company expects full-year earnings in the range of $5.90 to $6.10 per share.

Belden shares have declined nearly 2% since the beginning of the year.

ST. LOUIS (AP) _ Belden Inc. (BDC) on Wednesday reported second-quarter profit of $58.6 million.

The St. Louis-based company said it had net income of $1.31 per share. Earnings, adjusted for non-recurring costs, came to $1.60 per share.

The communications equipment company posted revenue of $666.6 million in the period.

For the current quarter ending in October, Belden expects its per-share earnings to range from $1.50 to $1.60.

The company expects full-year earnings in the range of $5.90 to $6.10 per share.

Belden shares have declined nearly 2% since the beginning of the year. The stock has increased 33% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BDC at https://www.zacks.com/ap/BDC

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *