Belden Sees Preliminary Q3 Adj. EPS $1.75-$1.77 From $1.75-$1.85 Vs $1.82 Est; Now Sees Revenue ~$625M From $675M-$690M Vs $685.19M Est
Portfolio Pulse from Benzinga Newsdesk
Belden has revised its Q3 adjusted EPS forecast to $1.75-$1.77 from the previous $1.75-$1.85, which is lower than the estimated $1.82. The company also reduced its revenue projection to approximately $625M from the earlier $675M-$690M, against the estimated $685.19M.
October 12, 2023 | 8:50 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Belden's lower than expected Q3 adjusted EPS and revenue forecasts could negatively impact its stock price in the short term.
Belden's revised Q3 forecasts are lower than the market estimates. This could lead to a negative sentiment among investors, potentially causing a short-term drop in BDC's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100