Belden Inc. (BDC) reported fourth-quarter net income of $19.915 million or $0.42 per share compared to a net loss of $448.050 million or $9.64 per share last year.
Earnings per share from continuing operations was $0.45 compared to a loss of $9.64 per share last year.
Adjusted income from continuing operations was $18.4 million or $0.39 per share compared to $12.2 million or $0.26 per share last year.
On average, 7 analysts polled by Thomson Reuters expected the company to report profit of $0.31 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues decreased to $387.770 million from $417.267 million last year. Analysts expected revenue of $366.44 million for the quarter.
The company expects adjusted first quarter revenue and EPS to be between $370 million and $380 million and $0.20 and $0.25 per share, respectively.
For the year, the company expects adjusted revenue and EPS to be between $1.50 billion and $1.55 billion and $1.35 and $1.50, respectively.
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