ST. LOUIS (AP) — ST. LOUIS (AP) — Belden Inc. (BDC) on Thursday reported first-quarter earnings of $37.3 million.
On a per-share basis, the St. Louis-based company said it had net income of 90 cents. Earnings, adjusted for one-time gains and costs, were $1.24 per share.
The communications equipment company posted revenue of $535.7 million in the period.
For the current quarter ending in June, Belden expects its per-share earnings to range from $1.30 to $1.40.
The company said it expects revenue in the range of $565 million to $580 million for the fiscal second quarter.
Belden shares have increased slightly more than 5% since the beginning of the year. The stock has climbed 2% in the last 12 months.
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