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88.23
0.76%
-0.68
After Hours:
88.23
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Why is Belden Inc (BDC) Stock down?
We've noticed a 12.66% decline in Belden Inc (BDC) stock during the 2023-11-02 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
13 Oct, 2023:
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.
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