ST. LOUIS (AP) — ST. LOUIS (AP) — Belden Inc. (BDC) on Thursday reported second-quarter net income of $68.5 million.
The St. Louis-based company said it had net income of $1.74 per share. Earnings, adjusted for one-time gains and costs, were $2.34 per share.
The communications equipment company posted revenue of $750.2 million in the period.
For the current quarter ending in September, Belden expects its per-share earnings to range from $2.15 to $2.30.
The company said it expects revenue in the range of $950 million to $970 million for the fiscal third quarter.
Belden shares have decreased 12% since the beginning of the year. The stock has declined 22% in the last 12 months.
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