ST. LOUIS (AP) — ST. LOUIS (AP) — Belden Inc. (BDC) on Thursday reported third-quarter earnings of $53.7 million.
The St. Louis-based company said it had net income of $1.30 per share. Earnings, adjusted for one-time gains and costs, came to $1.70 per share.
The communications equipment company posted revenue of $654.9 million in the period.
For the current quarter ending in December, Belden expects its per-share earnings to range from $1.62 to $1.72.
The company said it expects revenue in the range of $645 million to $660 million for the fiscal fourth quarter.
Belden shares have risen 52% since the beginning of the year. The stock has increased 66% in the last 12 months.
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