Belden, Inc. (NYSE:BDC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Belden, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 82.61% to $0.84 in the quarter versus EPS of $0.46 in the year-earlier quarter.
Revenue: Rose 9.31% to $507.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Belden, Inc. reported adjusted EPS income of $0.84 per share. By that measure, the company beat the mean analyst estimate of $0.80. It missed the average revenue estimate of $509.67 million.
Quoting Management: John Stroup, President and CEO of Belden Inc., said, “We’re pleased with our strong start to the year. As expected, our two industrial platforms performed well in the quarter, and they more than offset demand weakness in our European and enterprise markets. Year-over-year operating income margin expansion is a clear highlight and a direct result of our business transformation and commitment to continuous improvement.”
Key Stats (on next page)…