Bel Fuse Q1 2024 Adj EPS $1.26 Beats $0.97 Estimate, Sales $128.090M Miss $128.647M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bel Fuse (NASDAQ:BELFB) reported Q1 2024 adjusted EPS of $1.26, surpassing the $0.97 estimate, but its sales of $128.090M fell short of the $128.647M forecast. This represents a 15.44% decrease in earnings and a 25.68% drop in sales from the same period last year.
April 25, 2024 | 8:51 pm
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Bel Fuse reported a mixed Q1 2024 with EPS beating estimates but sales missing forecasts, indicating a decrease in both earnings and sales from the previous year.
The mixed results with an EPS beat but a slight miss in sales forecasts could lead to neutral short-term stock price movement. The significant year-over-year decreases in both earnings and sales might concern investors, but the EPS beat could offset some negative sentiment.
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