Belden Inc. Q3 Profit Falls 3%

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

The company said its profit totaled $48.93 million, or $1.14 per share. This was down from $50.41 million, or $1.15 per share, in last year's third quarter.

Analysts had expected the company to earn $1.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.8% to $590.12 million. This was down from $613.13 million last year.

Belden Inc. earnings at a glance:

-Earnings (Q3): $48.93 Mln. vs. $50.41 Mln. last year. -Earnings Decline (Y-o-Y): -2.9% -EPS (Q3): $1.14 vs. $1.15 last year. -EPS Decline (Y-o-Y): -0.9% -Analysts Estimate: $1.11 -Revenue (Q3): $590.12 Mln vs. $613.13 Mln last year. -Revenue Change (Y-o-Y): -3.8%

-Guidance: Next quarter EPS guidance: $1.45 - $1.55 Next quarter revenue guidance: $595 - $615 Mln Full year EPS guidance: $4.80 - $4.90 Full year revenue guidance: $2.353 - $2.373 Bln