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Biff Nixon · Thu, 07-26-2007, 08:17 AM

Belden Raises Full-Year View
Thursday July 26, 8:41 am ET
Belden Raises Full-Year Outlook After Strong Second Quarter Results

ST. LOUIS (AP) -- Electronic cable maker Belden Inc. on Thursday raised its full-year earnings outlook above Wall Street estimates after posting strong second-quarter results.
The company now expects a profit of between $2.80 and $2.95 per share, compared with prior expectations of $2.50 to $2.70 per share. Belden hiked revenue estimates to more than $2 billion, up from an earlier estimate of about $2 billion.

Analysts polled by Thomson Financial expect a year-end profit of $2.69 per share.

John Stroup, the company's chief executive, said the company's expects its healthy second-quarter results to be sustained through the year, citing an improved tax rate.

Thu, 07-26-2007, 08:17 AM	#6 (permalink)
Biff Nixon Member Join Date: Jul 2005 Location: Alexandria, VA Posts: 337	OHHHHHHHHHHH YYYYYYYAAAAAAAAAAAAAAAAAAAAAAHHHHHHaaaaaaaaa Belden Raises Full-Year View Thursday July 26, 8:41 am ET Belden Raises Full-Year Outlook After Strong Second Quarter Results ST. LOUIS (AP) -- Electronic cable maker Belden Inc. on Thursday raised its full-year earnings outlook above Wall Street estimates after posting strong second-quarter results. The company now expects a profit of between $2.80 and $2.95 per share, compared with prior expectations of $2.50 to $2.70 per share. Belden hiked revenue estimates to more than $2 billion, up from an earlier estimate of about $2 billion. Analysts polled by Thomson Financial expect a year-end profit of $2.69 per share. John Stroup, the company's chief executive, said the company's expects its healthy second-quarter results to be sustained through the year, citing an improved tax rate.