ST. LOUIS (AP) — ST. LOUIS (AP) — Belden Inc. (BDC) on Wednesday reported first-quarter net income of $63.2 million.
The St. Louis-based company said it had net income of $1.45 per share. Earnings, adjusted for one-time gains and costs, were $1.68 per share.
The communications equipment company posted revenue of $641.8 million in the period.
For the current quarter ending in June, Belden expects its per-share earnings to range from $1.70 to $1.80.
The company said it expects revenue in the range of $675 million to $690 million for the fiscal second quarter.
Belden expects full-year earnings in the range of $6.95 to $7.25 per share, with revenue ranging from $2.71 billion to $2.76 billion.
Belden shares have climbed 11% since the beginning of the year. The stock has risen 54% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BDC at https://www.zacks.com/ap/BDC
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
