Belden Inc (BDC)

Belden Inc Stock (BDC) dropped by 25.45% from $95.27 to $71.02 in the trading on Friday October 13, 2023. The reason why BDC stock down today is due to the Preliminary Q3 Results.

• Revenues of approximately $625 million, compared to the prior outlook of $675 to $690 million and below estimates of $685.64M. The revised outlook reflects softer than anticipated end-demand across both segments over a weak macroeconomic backdrop.
• GAAP EPS range of $1.67 to $1.69
• Adjusted EPS range of $1.75 to $1.77, compared to the prior outlook of $1.75 to $1.85 and consensus of $1.82.