Belden Q2 EPS $1.91 Beats $1.75 Estimate, Sales $692.25M Beat $683.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Belden (NYSE:BDC) reported Q2 earnings of $1.91 per share, beating the analyst consensus estimate of $1.75 by 9.14%. This is a 19.37% increase from the same period last year. The company also reported quarterly sales of $692.25 million, beating the analyst consensus estimate of $683.00 million by 1.35%, a 3.86% increase from the same period last year.
August 04, 2023 | 12:59 pm
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POSITIVE IMPACT
Belden's Q2 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Belden's earnings and sales for Q2 have surpassed analyst estimates, which is generally seen as a positive indicator of the company's financial health. This could lead to increased investor confidence and potentially a rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100