Belden Inc. (BDC) shares plunged 5.16% in pre-market trading on Thursday, following the company's mixed fourth-quarter results and cautious outlook for the first quarter of 2025.
The communications equipment company reported fourth-quarter earnings of $1.92 per share, beating analysts' estimates. However, its revenue of $666 million fell short of expectations. For the full year 2024, Belden reported revenue of $2.46 billion, a 2% decline from the prior year.
Looking ahead, Belden expects first-quarter 2025 revenue to be in the range of $605 million to $620 million, representing a modest increase of 13% to 16% compared to the prior-year quarter. The company cited typical seasonality and a neutral customer posture as they navigate the dynamic environment. Belden's adjusted earnings per share guidance for the first quarter of $1.43 to $1.53 also fell short of analysts' expectations.
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