ST. LOUIS (AP) — ST. LOUIS (AP) — Belden Inc. (BDC) on Thursday reported first-quarter profit of $51.9 million.
The St. Louis-based company said it had profit of $1.27 per share. Earnings, adjusted for one-time gains and costs, came to $1.60 per share.
The communications equipment company posted revenue of $624.9 million in the period.
For the current quarter ending in June, Belden expects its per-share earnings to range from $1.67 to $1.77.
The company said it expects revenue in the range of $645 million to $660 million for the fiscal second quarter.
Belden shares have fallen slightly more than 8% since the beginning of the year. The stock has increased 27% in the last 12 months.
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