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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.