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 15.12% to $0.99 in the quarter versus EPS of $0.86 in the year-earlier quarter.
Revenue: Rose 9.39% to $529.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Belden, Inc. reported adjusted EPS income of $0.99 per share. By that measure, the company beat the mean analyst estimate of $0.94. It missed the average revenue estimate of $536.88 million.
Quoting Management: John Stroup, President and CEO of Belden Inc., said, “Belden’s formation of four global segments announced in April was a considerable endeavor and a necessary element to achieving our long-term strategic goals, so our ability to deliver solid second quarter results is especially gratifying. Our strong performance in emerging markets offset soft demand in developed markets. We are pleased with our adjusted gross and operating income margins of 35.2% and 14.2%, respectively; a direct result of our continued focus on portfolio enhancement and business system improvements.”
Key Stats (on next page)…