Belden (BDC) Tops Q1 EPS by 5c; Bumps Outlook Higher

Belden (NYSE: BDC) reported Q1 EPS of $1.01, $0.05 better than the analyst estimate of $0.96. Revenue for the quarter came in at $541.5 million versus the consensus estimate of $541.55 million.

John Stroup, President and CEO of Belden Inc., said, “We are extremely pleased with our first quarter results, including earnings growth, margin expansion, and cash flow. As expected, strength within Broadband, Enterprise, and Network Security markets offset weakness from our industrial platforms. Despite a difficult year-over-year comparison due primarily to lower oil prices and a stronger U.S. dollar, our attractive portfolio, superior business system, and talented team enabled us to outperform.”

GUIDANCE:

Belden sees Q2 2016 EPS of $1.20-$1.30, versus the consensus of $1.26. Belden sees Q2 2016 revenue of $570-590 million, versus the consensus of $582.82 million.

Belden sees FY2016 EPS of $5.15-$5.45, versus prior guidance of $5.10-$5.40 and the consensus of $5.28. Belden sees FY2016 revenue of $2.32-2.37 billion, versus prior guidance of $2.295-2.345 billion and the consensus of $2.33 billion.

For earnings history and earnings-related data on Belden (BDC) click here.

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