Belden Inc. Q2 Profit Falls 2%

(RTTNews) - Belden Inc. (BDC) released earnings for second quarter that declined from last year.

The company said its earnings dropped to $64.25 million, or $1.29 per share. This was lower than $65.42 million, or $1.54 per share, in last year's second quarter.

Analysts had expected the company to earn $1.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.2% to $610.63 million. This was up from $603.38 million last year.

Belden Inc. earnings at a glance:

-Earnings (Q2): $64.25 Mln. vs. $65.42 Mln. last year. -Earnings Decline (Y-o-Y): -1.8% -EPS (Q2): $1.29 vs. $1.54 last year. -EPS Decline (Y-o-Y): -16.2% -Analysts Estimate: $1.21 -Revenue (Q2): $610.63 Mln vs. $603.38 Mln last year. -Revenue Change (Y-o-Y): 1.2%

-Guidance: Next quarter EPS guidance: $1.35 - $1.45 Next quarter revenue guidance: $615 - $635 Mln Full year EPS guidance: $5.35 - $5.55 Full year revenue guidance: $2.415 - $2.445 Bln