Belden Inc.'s (BDC) third-quarter net loss was $7.48 million or $0.16 per share versus a profit of $31.53 million or $0.67 per share in the prior year quarter. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.23 for the quarter. Analysts' estimate typically excludes one-time items.
Revenues for the third quarter dropped to $355.16 million from $520.49 million in the year earlier period. Six analysts estimated revenues of $341.31 million for the quarter.
Looking ahead to the fourth quarter of 2009, earnings per share adjusted for certain items are expected to be between $0.27 and $0.32. Seven analysts estimate fourth-quarter earnings per share of $0.29.
Also, revenue for the fourth quarter are expected to be between $365 million and $375 million, excluding 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 prior announced restructuring actions. Six analysts expect revenues of $351.85 million for the fourth quarter.
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