Belden Q3 Adj $1.78 Beats $1.76 Estimate, Sales $626.81M Miss $635.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Belden (NYSE:BDC) reported Q3 earnings of $1.78 per share, beating the analyst consensus estimate of $1.76 by 1.14%. However, the company's quarterly sales of $626.81 million missed the analyst consensus estimate of $635.11 million by 1.31%. This represents a 6.52% decrease in sales compared to the same period last year.
November 02, 2023 | 12:06 pm
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NEUTRAL IMPACT
Belden's Q3 earnings beat estimates but sales missed, indicating mixed financial performance.
Belden's earnings beat could potentially boost investor confidence, however, the missed sales estimate and the YoY decrease could negatively impact the stock price. The net effect is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100