ST. LOUIS (AP) — ST. LOUIS (AP) — Belden Inc. (BDC) on Thursday reported fourth-quarter profit of $67.9 million.
On a per-share basis, the St. Louis-based company said it had net income of $1.70. Earnings, adjusted for one-time gains and costs, were $2.08 per share.
The communications equipment company posted revenue of $720.1 million in the period.
For the year, the company reported profit of $237.5 million, or $5.91 per share. Revenue was reported as $2.72 billion.
For the current quarter ending in March, Belden expects its per-share earnings to range from $1.65 to $1.75.
The company said it expects revenue in the range of $675 million to $690 million for the fiscal first quarter.
Belden shares have climbed 22% since the beginning of the year. The stock has increased 26% in the last 12 months.
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