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Belden: Q2 Earnings Snapshot

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ST. LOUIS (AP) — ST. LOUIS (AP) — Belden Inc. (BDC) on Thursday reported second-quarter profit of $61 million.

On a per-share basis, the St. Louis-based company said it had profit of $1.53. Earnings, adjusted for one-time gains and costs, came to $1.89 per share.

The communications equipment company posted revenue of $672 million in the period.

For the current quarter ending in September, Belden expects its per-share earnings to range from $1.85 to $1.95.

The company said it expects revenue in the range of $670 million to $685 million for the fiscal third quarter.

Belden shares have risen 14% since the beginning of the year. The stock has risen 43% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BDC at https://www.zacks.com/ap/BDC

Article Topic Follows: AP Missouri News

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