Belden trims top end of profit forecast range for 2008

Belden now expects full-year adjusted profit between $3.45 and $3.65 per share. Its previous forecast, issued Feb. 7, ranged up to $3.75 per share. The company still expects revenue of $2.2 billion to $2.3 billion as increased foreign demand offsets the slowdown in Canada and the U.S.

Analysts expect profit to hit $3.63 per share on revenue of $2.27 billion, according to Thomson Financial.

Belden shares fell $3.37, or 9 percent, to $33.07 in morning trading. Earlier in the session, the stock hit a 52-week low of $30.28. It has sold for as much as $60 in the past 12 months.