ST. LOUIS (AP) _ Belden Inc. (BDC) on Wednesday reported second-quarter profit of $28.9 million.

The St. Louis-based company said it had net income of 49 cents per share. Earnings, adjusted for one-time gains and costs, were $1.52 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.

The communications equipment company posted revenue of $668.6 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $662.7 million.

For the current quarter ending in October, Belden expects its per-share earnings to range from $1.65 to $1.75.

The company said it expects revenue in the range of $667 million to $687 million for the fiscal third quarter.

Belden expects full-year earnings in the range of $6.28 to $6.48 per share, with revenue expected to be $2.63 billion.

Belden shares have dropped 16 percent since the beginning of the year. The stock has declined 10 percent in the last 12 months.


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