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Belden Inc Issues Q4 2013 Guidance Below Analysts' Estimates; Lowers FY 2013 Revenue Guidance; Raises Low End Of Prior FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates


Wednesday, 30 Oct 2013 07:30am EDT 

Belden Inc announced that for fourth quarter of 2013, it expects revenues to be in the range of $510-$520 million and adjusted income from continuing operations per diluted share to be in the range of $0.86-$0.91. For fiscal 2013, the Company now expects adjusted revenues to be $2.078-$2.088 billion and adjusted income from continuing operations per diluted share to be $3.64-$3.69. Previously, the Company expected full year adjusted revenues to be $2.09-$2.12 billion and adjusted income from continuing operations per diluted share to be $3.54-$3.69. On a GAAP basis, the Company expects fourth quarter 2013 revenues to be $506-$516 million and income from continuing operations per diluted share to be $0.56-$0.61. For fiscal 2013, the Company now expects revenues to be $2.065-$2.075 billion and income from continuing operations per diluted share to be $2.36-$2.41. Previously, the Company expected full year 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 $0.92 for the fourth quarter of 2013; revenue of $2.10 billion and EPS of $3.68 for fiscal 2013. 

Company Quote

62.95
-1.07 -1.67%
1 Oct 2014