Belden Reports Third Quarter Earnings

ST. LOUIS (AP) — Belden Inc. (BDC) announced on Thursday a third-quarter profit of $56.7 million, translating to earnings of $1.41 per share. When adjusted for one-time gains and expenses, earnings rose to $1.97 per share. The communications equipment company generated revenues of $698.2 million during the quarter. Looking ahead to the current quarter ending in December, Belden forecasts earnings per share between $1.90 and $2, with anticipated revenues ranging from $690 million to $700 million for the fiscal fourth quarter. Since the start of the year, Belden’s shares have experienced a 6% increase, with a slight rise over the past year. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BDC at https://www.zacks.com/ap/BDC