Belden (BDC) Tops Q4 EPS by 2c
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Belden Reports Results for Fourth Quarter and Full Year 2016
February 2, 2017 7:30 AM ESTST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a global leader in high quality, end-to-end signal transmission solutions for mission-critical applications, today reported fiscal fourth quarter and full year 2016 results for the period ended December 31, 2016.
Fourth Quarter 2016
On a GAAP basis, revenues for the quarter totaled $612.4 million, increasing $15.2 million, or 2.5%, compared to $597.2 million in the fourth quarter 2015. Gross profit margin in the fourth quarter was 42.7%, increasing 80 basis points from 41.9% in the year-ago period. Net income was $34.0 million compared to $49.7 million in the prior-year period. Net income as a percentage of revenues was... More
