10:23 AM EDT, 08/01/2024 (MT Newswires) -- Belden (BDC) shares rose 9.3% in recent Thursday trading after the company reported Q2 results that surpassed analysts' estimates.

The company reported Q2 adjusted earnings of $1.51 per diluted share, down from $1.91 a year earlier.

Analysts polled by Capital IQ expected $1.37.

Revenue for the quarter ended June 30 was $604.3 million, down from $692.2 million a year earlier.

Analysts surveyed by Capital IQ expected $574.2 million.

The company said it expects Q3 adjusted EPS of $1.55 to $1.65 on revenue of between $635 million and $650 million. Analysts expect earnings per share of $1.65 on sales of $630.6 million.

Price: 101.31, Change: +8.62, Percent Change: +9.30