correction: corrects the first sentence to say income was higher from last year, not lower.
Network equipment maker Belden Inc. (BDC) reported higher income from continuing operations of $22.25 million, or $0.49 a share, compared with last year's $19.74 million, or $0.42 a share. On an adjusted basis, income from continuing operations per share stood at $0.84 for the period. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.80 for the quarter. Analysts' estimates typically exclude one-time items.
Revenue for the latest quarter was $507.5 million, up 15.4% from $439.6 million in the first quarter 2012. Analysts estimated revenues of $509.67 million for the quarter. Adjusted revenue totaled $510.4 million, up by 16.1% over the prior year, while on an organic basis, revenue was slightly down year-over-year.
Going forward, the company sees second-quarter 2013 revenues to be $530 million - $540 million and adjusted income from continuing operations per share to be $0.90 - $0.95. Analysts project second-quarter earnings of $0.95 per share, and revenue of $539.92 million.
For 2013, the company expects revenues to be $2.07 billion - $2.12 billion, but now projects adjusted income from continuing operations per share to be 3.49 - $3.69, compared with its prior $3.44 - $3.69 range, whereas analysts estimate earnings of $3.61 per share, on $2.11 billion revenue for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.