Belden Updates 2017 Guidance - Quick Facts

(RTTNews) - Belden Inc. (BDC) announced, for the full year ending December 31, 2017, the company now expects adjusted EPS to be $5.45 - $5.55, compared to the previously guided range of $5.35 - $5.55. For the full year, the company now expects revenues to be $2.425 - $2.445 billion, compared to prior guidance of $2.415 - $2.445 billion.

Belden expects fourth quarter adjusted EPS to be $1.71 - $1.81. The company expects fourth quarter revenues to be $641 - $661 million.

Third-quarter adjusted EPS was $1.49, increasing 15.5% compared to $1.29 in the third quarter 2016. On a GAAP basis, revenues for the quarter totaled $621.7 million, increasing 3.4%, compared to $601.1 million in the third quarter 2016.