09:48 AM EDT, 10/31/2024 (MT Newswires) -- Belden (BDC) shares were down Thursday morning after the company reported Q3 adjusted net income of $1.70 per diluted share compared with $1.78 a year earlier.

Analysts polled by Capital IQ expected $1.61.

Revenue for the quarter ended Sept. 30 was $655 million, compared with $627 million a year earlier.

Analysts expected $643.7 million.

For Q4, the electronic equipment company is projecting adjusted EPS of $1.62 to $1.72 on revenue of $645 million to $660 million.

Analysts are looking for adjusted EPS of $1.67 and revenue of $649 million.

Price: 111.77, Change: -5.91, Percent Change: -5.02