Belden (BDC) Tops Q2 EPS by 4c; Guides In-Line

Belden (NYSE: BDC) reported Q2 EPS of $1.05, $0.04 better than the analyst estimate of $1.01. Revenue for the quarter came in at $605.1 million versus the consensus estimate of $595.6 million.

Belden sees Q3 2014 EPS of $1.05-$1.15, versus the consensus of $1.15. Belden sees Q3 2014 revenue of $605-625 million, versus the consensus of $620.48 million.

Belden sees FY2014 EPS of $4.10-$4.30, versus the consensus of $4.21. Belden sees FY2014 revenue of $2.3-2.35 billion, versus the consensus of $2.33 billion.

John Stroup, President and CEO of Belden Inc., said, “I’m proud of our ability to deliver record results in the second quarter including revenues of $605.1 million, earnings per share of $1.05, and gross margins of 37.0%. I’m also pleased to announce the acquisition of ProSoft, a leader in innovative technology to industrial markets. So far this year, we’ve deployed more than $340 million in strategic acquisitions and share repurchases. Overall, the business performed well, with revenue strength in our Broadcast and Industrial Connectivity platforms offsetting the margin expansion initiatives within our Enterprise Connectivity business.”

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

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• UBS Reiterates Neutral Rating on Clorox (CLX) as External Challenges Persist
• RH (RH) Tops Q1 EPS by 12c