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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