Plus   Neg

Belden Slashes FY18 Outlook - Quick Facts

Belden Inc. (BDC) on Wednesday slashed its adjusted earnings guidance for the full year 2018 to a range of $6.00 to $6.10 per share, compared to the prior guidance range of $6.28 to $6.48 per share.

Adjusted revenues for the full year are also now expected between $2.595 billion and $2.615 billion, compared to prior guidance range of $2.643 billion to $2.673 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.39 per share on revenues of $2.66 billion for the year. Analysts' estimates typically exclude special items.

The company also projects fourth-quarter adjusted earnings in a range of $1.60 to $1.70 per share and adjusted revenues between $657 million and $677 million. Street is looking for earnings of $1.99 per share on revenues of $699.08 million for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Home Meridian has announced recall of about 520 Copeland Corner Curio cabinets due to a risk of tip-over. According to Home Meridian, the recalled curio cabinets are unstable if they are not anchored to the wall, which poses a significant risk of tip-over and entrapment resulting in death or injuries... Hershey decided to replace its green and black label of Take 5 bar with new, attractive packaging. It will be marketed as Reese's peanut butter with a catchy orange wrapper. However, the ingredients will not change. Harley-Davidson, in collaboration with Qianjiang Motorcycle co., plan to launch smaller engine capacity bikes of 338 CC in China by 2020. This is part of the company's strategic move to expand its bike production to Asian countries.
Follow RTT