08.08.2013 14:20:44
|
Belden Q2 Adj. Profit Climbs, Tops Estimates; Raises FY13 Forecast
(RTTNews) - Network equipment maker Belden Inc. (BDC) reported Thursday a sharp decline in second-quarter profit on charges. Adjusted earnings climbed and topped analysts' estimates on higher revenues. The company also raised the midpoint of fiscal 2013 outlook.
For the second quarter, net income plunged to $29.49 million or $0.66 per share from last year's $42.39 million or $0.92 per share. Adjusted income from continuing operations per share grew 11.2 percent to $0.99 from last year's $0.89.
On average, seven analysts polled by Thomson Reuters expected earnings of $0.94 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter climbed 15.6 percent to $529.5 million from $458.2 million a year ago. Adjusted revenue grew 16.2 percent to $532.6 million. Analysts expected $536.88 million.
Looking ahead, the company expects third-quarter income from continuing operations per share to be $0.55 to $0.60 and revenues to be $522 million to $532 million. The company expects adjusted income from continuing operations per share to be $0.90 to $0.95 and adjusted revenues to be $525 million to $535 million. Analysts expect earnings of $0.93 per share on revenues of $531.44 million.
For the full-year 2013, the company expects income from continuing operations per share to be $2.11 to $2.26 and revenues to be $2.08 billion to $2.11 billion.
Adjusted income from continuing operations per share is now projected to be $3.54 - $3.69 and adjusted revenues to be $2.09 billion to $2.12 billion. Previously, the company expected full year adjusted income from continuing operations per share to be $3.49 - $3.69 and adjusted revenues to be $2.07 billion to $2.12 billion. Analysts expect earnings of $3.63 per share on revenues of $2.11 billion.
John Stroup, President and CEO of Belden, said, "The global macroeconomic environment in 2013 is generally as we anticipated, and we remain confident in our ability to deliver consistent operating results in the second half of the year. Therefore, we are increasing the midpoint of both our revenue and earnings outlook for the full year."
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Belden CDT Inc.mehr Nachrichten
30.10.24 |
Ausblick: Belden CDT verkündet Quartalsergebnis zum jüngsten Jahresviertel (finanzen.net) | |
31.07.24 |
Ausblick: Belden CDT verkündet Quartalsergebnis zum jüngsten Jahresviertel (finanzen.net) |
Analysen zu Belden CDT Inc.mehr Analysen
Aktien in diesem Artikel
Belden CDT Inc. | 115,00 | 2,68% |