Belden Q4 Adj. EPS $1.46 Beats $1.13 Estimate, Sales $551.24M Beat $521.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
Belden Inc. (BDC) reported Q4 adjusted earnings of $1.46 per share, surpassing the $1.13 estimate, and sales of $551.24M, exceeding the $521.96M estimate. However, both earnings and sales saw a decrease from the previous year.
February 08, 2024 | 12:35 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Belden Inc. reported higher-than-expected Q4 earnings and sales, but both metrics decreased compared to last year.
The positive earnings and sales beat are likely to have a short-term positive impact on BDC's stock price, despite the year-on-year decline. The beat indicates operational efficiency and could boost investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100