Belden Guides Q3 Revenues Above View As Q2 Results Top Estimates

RTTNews | Před 299 dny
Belden Guides Q3 Revenues Above View As Q2 Results Top Estimates

(RTTNews) - While reporting financial results for the second quarter on Thursday, Belden Inc. (BDC) provided its earnings, adjusted earnings and revenue guidance for the third quarter.

For the third quarter, the company expects earnings in a range of $1.00 to $1.10 per share and adjusted earnings in a range of $1.55 to $1.65 per share on revenues between $635 million and $650 million.

On average, six analysts polled by Thomson Reuters expect the company to report earnings of $1.63 per share on revenues of $629.71 million for the quarter. Analysts' estimates typically exclude special items.

For the second quarter, the company reported net income attributable to Belden stockholders of $49.04 million or $1.19 per share, lower than $68.75 million or $1.60 per share last year. Excluding items, adjusted net income were $1.51 per share, compared to $1.91 per share in the year-ago quarter.

Revenues for the quarter declined 13 percent to $604.34 million from $692.25 million in the same quarter last year.

Analysts expected earnings of $1.37 per share on revenues of $574.32 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Značky : BDC
read more
Belden Boosts FY22 Outlook As Q3 Results Top Estimates

Belden Boosts FY22 Outlook As Q3 Results Top Estimates

While reporting financial results for the third quarter on Wednesday, Belden Inc. (BDC) provided its earnings, adjusted earnings and revenue guidance for the fourth quarter and raised its outlook for the full year 2022.
RTTNews | Před 937 dny
U.S. Dollar Strengthens On Trump's Tariff Delay

U.S. Dollar Strengthens On Trump's Tariff Delay

The U.S. dollar was higher against its major counterparts in the New York session on Tuesday amid easing trade tensions between the U.S. and the European Union.
RTTNews | Před 36 minutami
European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European stocks closed on a positive note on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to amid slightly easing concerns about a potential trade war following U.S. President Donald Trump's decision decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
RTTNews | Před 2 h 4 min
U.S. Consumer Confidence Rebounds Much More Than Expected In May

U.S. Consumer Confidence Rebounds Much More Than Expected In May

A report released by the Conference Board on Tuesday showed a substantial improvement by U.S. consumer confidence in the month of May. The Conference Board said its consumer confidence index spiked to 98.0 in May after plunging to a downwardly revised 85.7 in April.
RTTNews | Před 4 h 45 min
U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April. The Commerce Department said durable goods orders tumbled by 6.3 percent in April after surging by a downwardly revised 7.6 percent in March.
RTTNews | Před 4 h 56 min
Bay Street Seen Opening Higher Again

Bay Street Seen Opening Higher Again

Canadian shares are likely to extend recent gains on Tuesday following U.S. President Donald Trump's decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.
RTTNews | Před 6 h 23 min
U.S. Durable Goods Orders Pull Back Sharply In April

U.S. Durable Goods Orders Pull Back Sharply In April

With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April.
RTTNews | Před 6 h 23 min