Belden Slashes FY18 Outlook - Quick Facts

(RTTNews) - Belden Inc. (BDC) on Wednesday slashed its adjusted earnings guidance for the full year 2018 to a range of $6.00 to $6.10 per share, compared to the prior guidance range of $6.28 to $6.48 per share.

Adjusted revenues for the full year are also now expected between $2.595 billion and $2.615 billion, compared to prior guidance range of $2.643 billion to $2.673 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.39 per share on revenues of $2.66 billion for the year. Analysts' estimates typically exclude special items.

The company also projects fourth-quarter adjusted earnings in a range of $1.60 to $1.70 per share and adjusted revenues between $657 million and $677 million. Street is looking for earnings of $1.99 per share on revenues of $699.08 million for the quarter.