(RTTNews) - Wednesday, signal transmission solutions provider Belden, Inc. (BDC: News ) reported a loss for its third quarter, compared to a profit in the previous year, hurt mainly by lower revenues as well as restructuring charges. However, earnings excluding special items, came in well above the Street's estimate. Looking ahead, the company issued its fourth quarter earnings and revenue guidance.

The St. Louis, Missouri-based company reported net loss for the third quarter of $7.48 million or $0.16 per share, compared to net income of $31.53 million or $0.67 per share in the year-ago quarter.

During the quarter, Belden recorded pre-tax operating charges for contract termination costs of $2.2 million, severance and employee relocation costs of $1.5 million, equipment relocation costs of $0.7 million, and other costs of $4.4 million associated with the company's global restructuring plan.

Excluding items, non-GAAP net income for the quarter declined to $0.27 per share from $0.78 per share in the same quarter last year.

On average, six analysts polled by Thomson Reuters expected the company to earn $0.23 per share for the quarter. Analyst estimates typically exclude special items.

Revenues for the quarter decreased to $355.16 million from $520.49 million in the prior-year quarter. Revenue in the most recent quarter included $7.7 million of unfavorable currency translation as compared to the prior year third quarter.
Adjusted revenues for the quarter totaled $355.22 million, down from $529.22 million for the earlier year quarter. Six analysts had a revenue consensus of $341.31 million for the third quarter.

Segment wise, the company's Americas segment generated revenues of $205.13 million, and EMEA segment generated revenues of $94.11 million for the third quarter of 2009. Wireless segment's revenue totaled $14.91 million, whereas Asia Pacific revenues were $67.10 million for the most recent quarter.

For the nine-month period, The company's net loss was $44.82 million or $0.96 per share, compared to net income of $86.22 million or $1.81 per share in the similar period of last year. Non-GAAP net income for the nine-month period declined to $35.99 million or $0.77 per share from $114.83 million or $2.41 per share in year-ago period.

Total revenue for the period fell to $1.03 billion from $1.59 billion in the prior-year period. Adjusted revenues decreased to $1.03 billion from $1.60 billion in the year-ago period.

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