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Belden Shares Fall After Posting Q1 Results, Q2 Guidance

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-- Belden (BDC) shares were down 8% in early Thursday trading after the company reported its Q1 results and issued guidance for Q2.

Belden reported quarterly adjusted earnings of $1.77 per diluted share, up from $1.60 a year earlier.

Analysts surveyed by FactSet expected $1.70.

Revenue for the quarter ended March 29 was $696.4 million, up from $624.9 million a year earlier.

Analysts polled by FactSet expected $678.1 million.

For Q2, the company expects adjusted earnings per share between $1.95 and $2.05 and revenue of $735 million to $750 million. Analysts polled by FactSet expect $1.98 and $731.3 million.

Price: $117.36, Change: $-10.24, Percent Change: -8.03%

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