Belden Announces Results for Third Quarter 2019, Intent to Divest Grass Valley and Cost Reduction Program

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Go back to Belden Announces Results for Third Quarter 2019, Intent to Divest Grass Valley and Cost Reduction Program

Belden (BDC) Misses Q3 EPS by 23c, Offers Guidance

October 30, 2019 7:33 AM EDT

Belden (NYSE: BDC) reported Q3 EPS of $1.18, $0.23 worse than the analyst estimate of $1.41. Revenue for the quarter came in at $620.3 million versus the consensus estimate of $632.66 million.

GUIDANCE:

Belden sees Q4 2019 EPS of $1.00-$1.15, versus the consensus of $1.71. Belden sees Q4 2019 revenue of $510-530 million, versus the consensus of $646.92 million.

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