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Belden Inc Issues Q3 2013 Guidance In Line With Analysts' Estimates; Raises Low End Of Prior FY 2013 Guidance To A Range In Line With Analysts' Estimates


Thursday, 8 Aug 2013 07:30am EDT 

Belden Inc announced that for the third quarter of 2013, it expects adjusted revenues to be in the range of $525-$535 million and adjusted income from continuing operations per diluted share to be $0.90-$0.95. For fiscal 2013, it expects adjusted revenues to be $2.09-$2.12 billion and adjusted income from continuing operations per diluted share to be $3.54-$3.69. Previously, the Company expected fiscal 2013 adjusted revenues to be $2.07- $2.12 billion and adjusted income from continuing operations per diluted share to be $3.49-$3.69. On a GAAP basis, the Company expects third quarter 2013 revenues to be $522-$532 million and income from continuing operations per diluted share to be $0.55-$0.60. For fiscal 2013, the Company expects revenues to be $2.08-$2.11 billion and income from continuing operations per diluted share to be $2.11-$2.26. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $531 million and EPS of $0.93 for the third quarter of 2013; revenue of $2.11 billion and EPS of $3.63 for fiscal 2013. 

Company Quote

75.64
0.94 +1.26%
17 Apr 2014