News

We provide the latest news
from the world of economics and finance

08 February
Belden Q4 Profit Tops Estimates

(RTTNews) - Belden Inc. (BDC) reported fourth quarter net income of $39 million, compared to $61 million in the year-ago period. GAAP EPS was $0.91, down 35% from a year ago. Adjusted EPS was $1.46, down 17%. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $1.13, for the quarter. Analysts' estimates typically exclude special items.

Fourth quarter revenues were $551 million, down 16% from last year, and down 18% organically. Analysts on average had estimated $521.96 million in revenue.

For the first-quarter, the company expects: revenues in a range of $505 million - $520 million; GAAP EPS in a range of $0.65 - $0.75; and adjusted EPS in a range of $1.00 - $1.10.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.