Cable manufacturer Belden Inc posted better-than-expected first-quarter results as acquisitions boosted its connectivity and networking product platforms, and it raised its 2011 forecast. The company, which makes flat and optical fiber cables, coaxial and multi-conductor cables, said it expects 2011 earnings from continuing operations of $2.15-$2.30 per share, up from its prior outlook of $2.05-$2.25 per share. "We are well positioned on a global basis despite minor disruptions to Belden's business resulting from the earthquake in Japan and turmoil in the Middle East and North Africa, which have been incorporated in our forecast," CEO John Stroup said. In 2010, the company acquired industrial networking technology firm GarrettCom and Thomas & Betts' communications products business.
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