Wednesday, Belden Inc. (BDC) revealed it expects fourth-quarter earnings and revenue at the high end of its previously provided guidance range.
The St. Louis, Missouri-based maker of signal transmission solutions said it expects fourth-quarter adjusted earnings to be at the high end of its previous guidance range of between $0.27 and $0.32 per share. Belden also estimates fourth-quarter revenues to reach the high end of the previous guidance of between $365 million and $375 million.
The company's guidance excludes the impact of the deferral of revenues and cost of goods sold with respect to its wireless segment and the impact of charges associated with already announced restructuring actions.
On average, seven analysts polled by Thomson Reuters currently estimate earnings of $0.30 per share for the fourth quarter. The median revenue estimate of analysts for the fourth quarter is at $364.97 million. Analysts' estimates typically exclude special items.
Belden also said it would host a meeting with investors and equity analysts today at Le Parker Meridien in New York. The company's strategic plan as well as an overview of its business would be discussed in the meeting, which would be attended by, among others, John Stroup, chief executive officer of Belden; Gray Benoist, senior vice president of Finance; and Chief Financial Officer Steve Biegacki.
BDC is gaining $0.31 or 1.33% and is trading at $23.62 on the New York Stock Exchange.
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