Belden stock price slips after earnings pop — what BDC investors are watching next
Belden shares fell 1.7% to $148.27 Friday morning, following a 6.1% jump after reporting record fourth-quarter revenue of $720 million and adjusted earnings of $2.08 per share. The company forecast first-quarter revenue of $675 million to $690 million, above Wall Street estimates. CFO Jeremy Parks said inflation has not hurt demand. Investors await first-quarter results due after March 29.