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Belden: 4Q Earnings Snapshot

ST. LOUIS (AP) _ Belden Inc. (BDC) on Wednesday reported fourth-quarter earnings of $43.5 million.

On a per-share basis, the St. Louis-based company said it had profit of 87 cents. Earnings, adjusted for one-time gains and costs, came to $1.66 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The communications equipment company posted revenue of $655.4 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $663.1 million.

For the year, the company reported profit of $160.9 million, or $3.08 per share. Revenue was reported as $2.59 billion.

For the current quarter ending in April, Belden expects its per-share earnings to range from 80 cents to $1.

The company said it expects revenue in the range of $564 million to $594 million for the fiscal first quarter.

Belden expects full-year earnings in the range of $5.50 to $6.15 per share, with revenue ranging from $2.5 billion to $2.6 billion.

Belden shares have increased 35 percent since the beginning of the year. The stock has declined 23 percent 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