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Belden Inc. Q2 adjusted earnings Inline With Estimates

Belden Inc. (BDC) revealed earnings for its second quarter that advanced from the same period last year.

The company's earnings totaled $33.47 million, or $0.84 per share. This compares with $20.14 million, or $0.49 per share, in last year's second quarter.

Excluding items, Belden Inc. reported adjusted earnings of $64.39 million or $1.39 per share for the period.

Analysts had expected the company to earn $1.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.7% to $637.53 million from $668.64 million last year.

Belden Inc. earnings at a glance:

-Earnings (Q2): $64.39 Mln. vs. $72.60 Mln. last year.
-EPS (Q2): $1.39 vs. $1.52 last year.
-Analysts Estimate: $1.39
-Revenue (Q2): $637.53 Mln vs. $668.64 Mln last year.

-Guidance:
Next quarter EPS guidance: $1.32 - $1.52
Next quarter revenue guidance: $620 - $645 Mln
Full year EPS guidance: $5.38 - $5.78
Full year revenue guidance: $2.485 - $2.535 Bln

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