Bel Fuse Q4 2023 Adj EPS $1.37 Misses $1.38 Estimate, Sales $140.01M Miss $150.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bel Fuse Inc. (NASDAQ:BELFB) reported Q4 2023 adjusted EPS of $1.37, missing the $1.38 estimate, and sales of $140.01M, below the $150.50M estimate. This represents a 17.25% decrease in sales compared to the same period last year.
February 21, 2024 | 10:26 pm
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Bel Fuse Inc. reported lower than expected Q4 2023 earnings and sales, missing analyst estimates. Adjusted EPS was $1.37, and sales were $140.01M, indicating a 17.25% YOY decrease.
Missing both earnings and sales estimates, especially with a significant year-over-year decrease in sales, typically leads to negative investor sentiment and could result in a short-term decrease in stock price.
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