Belden (BDC) Tops Q3 EPS by 7c, Offers Outlook

Belden (NYSE: BDC) reported Q3 EPS of $1.49, $0.07 better than the analyst estimate of $1.42. Revenue for the quarter came in at $621.7 million versus the consensus estimate of $626.36 million.

Outlook

“We expect record quarterly revenues and EPS in the fourth quarter, and we are well-positioned for success longer term. Our balance sheet is healthy and we continue to aggressively pursue a number of attractive inorganic opportunities,” said Mr. Stroup.

The Company expects fourth quarter 2017 revenues to be $641 - $661 million. For the full year ending December 31, 2017, the Company now expects revenues to be $2.425 - $2.445 billion, compared to prior guidance of $2.415 - $2.445 billion.

The Company expects fourth quarter 2017 GAAP EPS to be $1.61 - $1.71. For the full year ending December 31, 2017, the Company now expects GAAP EPS to be $2.50 - $2.60, compared to the previously guided range of $2.82 - $3.02.

The Company expects fourth quarter 2017 adjusted EPS to be $1.71 - $1.81. For the full year ending December 31, 2017, the Company now expects adjusted EPS to be $5.45 - $5.55, compared to the previously guided range of $5.35 - $5.55.

(Street sees Q4 EPS of $1.79 on revenue of $641 million)

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

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