Belden Inc. Q1 Earnings Fall 8%

(RTTNews) - Belden Inc. (BDC) announced a profit for first quarter that fell from last year.

The company said its bottom line declined to $39.09 million, or $0.92 per share. This was down from $42.66 million, or $1.01 per share, in last year's first quarter.

Analysts had expected the company to earn $0.89 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.8% to $551.38 million. This was up from $541.49 million last year.

Belden Inc. earnings at a glance:

-Earnings (Q1): $39.09 Mln. vs. $42.66 Mln. last year. -Earnings Decline (Y-o-Y): -8.4% -EPS (Q1): $0.92 vs. $1.01 last year. -EPS Decline (Y-o-Y): -8.9% -Analysts Estimate: $0.89 -Revenue (Q1): $551.38 Mln vs. $541.49 Mln last year. -Revenue Change (Y-o-Y): 1.8%

-Guidance: Next quarter EPS guidance: $1.15 - $1.25 Next quarter revenue guidance: $595 - $615 Mln Full year EPS guidance: $4.95 - $5.20 Full year revenue guidance: $2.355 - $2.405 Bln