Belden Backs Q4, FY14 Targets - Quick Facts

(RTTNews) - Belden Inc. (BDC), a maker of transmission equipment for broadcasting, has confirmed its revenue and earnings per share guidance for the fourth quarter and full year 2014.

Looking ahead to the fourth quarter, the firm still sees fourth-quarter GAAP income from continuing operations in the range of $0.55 to $0.65 per share and revenues of $588 million to $608 million. On an adjusted basis, it expects earnings of $1.15 to $1.25 per share from continuing operations and revenues of $590 million to $610 million. Analysts anticipate fourth-quarter earnings of $1.22 per share on revenues of $605.67 million.

For the full year, Belden continues to expect income from continuing operations per share to be in the range of $1.90 to $2.00 and revenue in the range of $2.29 billion to $2.31 billion. Adjusted earnings for 2014 are still estimated to be in the range of $4.15 to $4.25 per share from continuing operations on adjusted revenues of $2.30 billion to $2.32 billion. Analysts currently project annual earnings of $4.22 per share on revenues of $2.31 billion.