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Belden Announces Preliminary First Quarter 2020 Results, Maintains Strong Balance Sheet and Liquidity

Belden Inc (BDC) 
Last belden inc earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: Business Wire
ST. LOUIS--(BUSINESS WIRE)--Belden Inc. (NYSE: BDC), a leading global supplier of specialty networking solutions, today announced preliminary fiscal first quarter 2020 results for the period ended March 29, 2020. In addition, as a result of the significant uncertainties arising from the rapidly-evolving COVID-19 situation, the Company is withdrawing the full-year 2020 revenue and EPS guidance that it previously provided. The prior guidance did not reflect any impact from COVID-19. The Company maintains a strong balance sheet and liquidity position.First Quarter 2020The Company now expects first quarter 2020 revenues to be $460 - $465 million, compared to the prior guidance of $485 - $505 million.The Company now expects first quarter 2020 GAAP EPS to be $0.30 - $0.35, compared to the prior guidance of $0.23 - $0.38. This GAAP EPS range is subject to significant adjustments as we complete an interim asset impairment analysis, which is required primarily due to equity market conditio Show less Read more
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