February 1, 2018 / 12:39 PM / 9 months ago

BRIEF-Belden Sees FY 2018 Revenue $2.528 Billion To $2.578 Billion

Feb 1 (Reuters) - Belden Inc:

* BELDEN REPORTS RESULTS FOR FOURTH QUARTER AND FULL YEAR 2017

* Q4 REVENUE FELL 1.2 PERCENT TO $604.9 MILLION

* QTRLY NET INCOME WAS IMPACTED BY A ONE-TIME CHARGE OF $28.4 MILLION RELATED TO ENACTMENT OF TAX CUTS AND JOBS ACT

* ONE-TIME CHARGE AS A RESULT OF TCJA ENACTMENT HAD AN EPS IMPACT OF $0.67 IN OTR

* EXPECTED TO RECOGNIZE REVENUE ON $36 MILLION OF PRODUCT THAT WAS SHIPPED IN 2017, BUT WE WERE UNABLE TO DO SO

* EXPECTED 2017 SHIPMENTS WILL BE RECOGNIZED AS REVENUE IN 2018 AND WILL BE ADDITIVE TO REVENUE THAT OTHERWISE WOULD HAVE ANTICIPATED Source text for Eikon: Further company coverage:

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