Belden Sees Q4 EPS $1.05-$1.20 Vs $1.62 Est.; Revenue $510M-$530M Vs $617.11M Est.
Portfolio Pulse from Benzinga Newsdesk
Belden Inc. has provided its Q4 2023 guidance, expecting EPS of $1.05-$1.20, lower than the estimated $1.62, and revenue of $510M-$530M, lower than the estimated $617.11M. The company attributes this to ongoing demand headwinds, pauses in capital spending by customers, and channel destocking pressures. However, Belden remains optimistic about its long-term prospects due to automation, smart infrastructure, and data integration trends.
November 02, 2023 | 12:11 pm
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Belden's Q4 2023 guidance is lower than estimates, which could negatively impact its stock price in the short term. However, the company's optimism about long-term trends may mitigate some of this impact.
Belden's lower-than-expected Q4 2023 guidance could lead to a decrease in its stock price as it indicates potential financial challenges. However, the company's positive outlook on long-term trends in automation, smart infrastructure, and data integration may reassure investors and mitigate some of the negative impact.
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