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Belden Inc. Q2 adjusted earnings Beat Estimates

Belden Inc. (BDC) announced a profit for second quarter that fell from last year.

The company's earnings totaled $20.14 million, or $0.49 per share. This compares with $27.24 million, or $0.64 per share, in last year's second quarter.

Excluding items, Belden Inc. reported adjusted earnings of $72.60 million or $1.52 per share for the period.

Analysts had expected the company to earn $1.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.5% to $668.64 million from $610.63 million last year.

Belden Inc. earnings at a glance:

-Earnings (Q2): $72.60 Mln. vs. $64.32 Mln. last year.
-EPS (Q2): $1.52 vs. $1.29 last year.
-Analysts Estimate: $1.46
-Revenue (Q2): $668.64 Mln vs. $610.63 Mln last year.

-Guidance:
Next quarter EPS guidance: $1.65 - $1.75
Next quarter revenue guidance: $670 - $690 Mln
Full year EPS guidance: $6.28 - $6.48
Full year revenue guidance: $2.643 - $2.673 Bln

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