Belden Q1 2024 Adj EPS $1.24 Beats $1.06 Estimate, Sales $536.000 Miss $514.850M Estimate
Portfolio Pulse from Benzinga Newsdesk
Belden Inc. (BDC) reported Q1 2024 adjusted EPS of $1.24, surpassing the $1.06 estimate, but experienced a 26.19% decrease from last year's $1.68. Sales reached $536M, missing the $514.85M estimate and marking a significant decrease from the previous year's $641.789M.

May 02, 2024 | 11:31 am
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Belden Inc. reported a mixed Q1 2024 with earnings surpassing estimates but sales missing expectations and showing a significant year-over-year decrease.
While Belden's EPS beat may initially seem positive, the significant decrease in earnings and sales compared to the previous year could temper investor enthusiasm. The mixed results—beating EPS estimates but missing on sales and showing a year-over-year decline—suggest a neutral short-term impact on BDC's stock price as investors digest both the strengths and weaknesses in the report.
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