Belden: Q2 Earnings Snapshot

Associated Press Finance
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ST. LOUIS (AP) — ST. LOUIS (AP) — Belden Inc. (BDC) on Thursday reported second-quarter profit of $68.8 million.

The St. Louis-based company said it had profit of $1.60 per share. Earnings, adjusted for one-time gains and costs, came to $1.91 per share.

The communications equipment company posted revenue of $692.2 million in the period.

For the current quarter ending in September, Belden expects its per-share earnings to range from $1.75 to $1.85.

The company said it expects revenue in the range of $675 million to $690 million for the fiscal third quarter.

Belden expects full-year earnings in the range of $7.15 to $7.35 per share, with revenue ranging from $2.7 billion to $2.73 billion.

Belden shares have climbed 31% since the beginning of the year. The stock has climbed 46% in the last 12 months.

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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

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