Belden Inc (NYSE:BDC) reported Q2 earnings and sales that exceeded analysts’ estimates but guided for Q3 EPS below the market view while its FY EPS guidance straddled estimates.

The maker of cable, connectivity and networking products said adjusted earnings rose to $1.05 per diluted share from $0.99 the year earlier, exceeding the $1.02 average estimate from analysts polled by Capital IQ. Sales rose 13.5% to $600.9 million, topping the $597 million consensus estimate.

On a reported basis, net income was $15,000 with no EPS, compared to $29.5 million or $0.66 the year earlier. The sharp decline was a result of higher selling, general and administrative expenses as well as higher R&D costs.

For Q3, Belden said it expects adjusted revenue between $605 million and $625 million compared to the $620 million consensus, and adjusted EPS of $1.05 to $1.15, below the $1.16 average estimate.

For FY14, the company expects adjusted revenue between $2.3 billion and $2.35 billion compared to the $2.3 billion estimate and adjusted EPS of $4.10 — $4.30, straddling the $4.21 average estimate.

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