Bel Fuse Q3 Adj EPS $1.59 Up From $1.40 YoY, Sales $158.68M Down From $177.74M YoY
Portfolio Pulse from totan@benzinga.com
Bel Fuse (NASDAQ:BELFA) reported Q3 earnings of $1.59 per share, a 13.57% increase YoY. However, sales for the quarter were $158.68M, a 10.72% decrease YoY.
October 25, 2023 | 9:07 pm
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Bel Fuse's Q3 earnings per share increased by 13.57% YoY, but sales decreased by 10.72% YoY.
Bel Fuse's increased earnings per share indicates improved profitability, which is positive for the stock. However, the decrease in sales could be a concern for investors as it may indicate a slowdown in business, potentially offsetting the positive impact of the increased earnings.
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IMPORTANCE 80
RELEVANCE 100