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Belden: 1Q Earnings Snapshot

ST. LOUIS (AP) _ Belden Inc. (BDC) on Wednesday reported first-quarter net income of $25.2 million, after reporting a loss in the same period a year earlier.

The St. Louis-based company said it had net income of 42 cents per share. Earnings, adjusted for one-time gains and costs, were 99 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The communications equipment company posted revenue of $587.2 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $576.3 million.

For the current quarter ending in July, Belden expects its per-share earnings to range from $1.30 to $1.50.

The company said it expects revenue in the range of $630 million to $660 million for the fiscal second quarter.

Belden expects full-year earnings in the range of $5.65 to $6.15 per share, with revenue ranging from $2.52 billion to $2.6 billion.

Belden shares have increased 33% since the beginning of the year. The stock has dropped almost 10% 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