While reporting financial results for the first quarter on Wednesday, Belden Inc. (BDC) raised its earnings, adjusted earnings and revenue guidance for the full year 2022, to reflect better than expected performance in the quarter, an improved outlook for the remainder of the year, and recent accretive capital deployments.
For fiscal 2022, the company now projects earnings in a range of $4.31 to $4.61 per share and adjusted earnings in a range of $5.55 to $5.85 per share on revenues between $2.48 billion and $2.53 billion.
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