Belden (BDC) Tops Q3 EPS by 1c, Q4 Guidance Misses Views

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Go back to Belden (BDC) Tops Q3 EPS by 1c, Q4 Guidance Misses Views

Belden Reports Results for Third Quarter 2018

October 31, 2018 7:30 AM EDT

ST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a global leader in high quality, end-to-end signal transmission solutions for mission-critical applications, today reported fiscal third quarter 2018 results for the period ended September 30, 2018.

Third Quarter 2018

On a GAAP basis, revenues for the quarter totaled $655.8 million, increasing $34.1 million, or 5.5%, compared to $621.7 million in the third quarter 2017. Net income was $85.9 million, an increase of $84.9 million from the prior-year period. Net income included a $46.1 million after-tax gain from patent litigation, and net income in the third quarter 2017 included a $32.2 million after-tax loss on debt... More