Belden (BDC) Tops Q2 EPS by 19c

Belden (NYSE: BDC) reported Q2 EPS of $0.46, $0.19 better than the analyst estimate of $0.27. Revenue for the quarter came in at $424.8 million versus the consensus estimate of $410.19 million.

Outlook:

“The COVID-19 situation continues to create significant economic uncertainty and challenges in our global markets, but demand trends in our business appear to have stabilized. Assuming no further material disruptions related to the global pandemic, we expect modest sequential improvement in the third and fourth quarters. The Grass Valley divestiture represented an important milestone for Belden, and we were pleased to complete the transaction. We continue to align our portfolio of businesses around the favorable secular trends in industrial automation, cybersecurity, broadband & 5G, and smart buildings, and the Company is well positioned for profitable growth longer-term,” said Mr. Vestjens.

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

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