Belden (BDC) Tops Q1 EPS by 3c; Lowers FY EPS Guidance

Belden (NYSE: BDC) reported Q1 EPS of $0.92, $0.03 better than the analyst estimate of $0.89. Revenue for the quarter came in at $551.4 million versus the consensus estimate of $551.13 million.

GUIDANCE:

Belden sees FY2017 EPS of $4.95-$5.20, versus the consensus of $5.07. Belden sees FY2017 revenue of $2.355-2.405 billion, versus the consensus of $2.39 billion.

Outlook

“We are pleased with the solid start to the year and are encouraged by accelerating order growth and notable project wins. We are on track to meet our commitments for the full year 2017, and well positioned with a number of attractive inorganic opportunities,” said Mr. Stroup.

The Company expects second quarter 2017 revenues to be $595 - $615 million. For the full year ending December 31, 2017, the Company continues to expect revenues to be $2.355 - $2.405 billion.

The Company expects second quarter 2017 GAAP EPS to be $0.70 - $0.80. For the full year ending December 31, 2017, the Company now expects GAAP EPS to be $3.31 - $3.56, compared to the previously guided range of $3.35 - $3.60.

The Company expects second quarter 2017 adjusted EPS to be $1.15 - $1.25. For the full year ending December 31, 2017, the Company continues to expect adjusted EPS to be $4.95 - $5.20.

For earnings history and earnings-related data on Belden (BDC) click here.

You May Also Be Interested In

• Korn Ferry (KFY) Tops Q4 EPS by 2c, Beats on Revenue; Offers Q1 Guidance
• BofA lists top 5 themes driving next $1tn in incremental semi sales
• Ennis (EBF) Reports In-Line Q1 EPS