Belden Shares Spike After Second-Quarter Beat, Management Raises Near-Term Revenue Outlook
Belden Inc. jumped in pre-market trading after reporting adjusted EPS of $2.34 for its fiscal second quarter and revenue of $750 million, both above analyst forecasts. Management issued third-quarter revenue guidance that exceeded consensus and cited the recently closed $1.85 billion acquisition of RUCKUS Networks as a meaningful contributor to the…