Belden (NYSE:BDC) reported its Q1 earnings results on Wednesday, May 4, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Earnings

Belden beat estimated earnings by 20.18%, reporting an EPS of $1.31 versus an estimate of $1.09.

Revenue was up $73.97 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05 which was followed by a 4.21% drop in the share price the next day.

Here's a look at Belden's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Belden management provided guidance for FY 2022, expecting earnings between $5.55 and $5.85 per share.

To track all earnings releases for Belden visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.