Belden (BDC) Tops Q3 EPS by 3c; Guides Q4, Updates FY16 Outlook
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Belden Reports Strong Results for Third Quarter 2016
November 2, 2016 7:30 AM EDTST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a global leader in high quality, end-to-end signal transmission solutions for mission-critical applications, today reported fiscal third quarter 2016 results for the period ended October 2, 2016.
Third Quarter 2016
On a GAAP basis, revenues for the quarter totaled $601.1 million, increasing $21.8 million, or 3.8%, compared to $579.3 million in the third quarter 2015. Gross profit margin in the third quarter was 40.9%, increasing 190 basis points from 39.0% in the year-ago period. Net income was $35.7 million, increasing from $14.6 million in the prior-year period. Net income as a percentage of revenues was 5.9% in the... More
