Bel Fuse Q2 Adj EPS $1.89 Up From $1.30 YoY, Sales $168.78M Down From $170.57M YoY
Portfolio Pulse from bharat@benzinga.com
Bel Fuse (NASDAQ:BELFA) reported Q2 earnings of $1.89 per share, a 45.38% increase YoY. However, sales decreased by 1.05% to $168.78 million compared to the same period last year.
July 26, 2023 | 8:46 pm
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Bel Fuse's Q2 earnings per share increased by 45.38% YoY, but sales decreased by 1.05% YoY.
Bel Fuse's Q2 earnings per share increased significantly, which is a positive sign for investors. However, the decrease in sales could be a concern, potentially indicating a slowdown in business. This mixed result leads to a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100