Bel Fuse Q2 2024 Adj EPS $1.46 Beats $0.87 Estimate, Sales $133.205M Beat $128.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bel Fuse (NASDAQ:BELFA) reported Q2 2024 adjusted EPS of $1.46, significantly beating the estimate of $0.87. Sales were $133.205 million, also surpassing the $128.000 million estimate. However, sales decreased by 21.08% compared to the same period last year.
July 24, 2024 | 8:21 pm
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Bel Fuse reported strong Q2 2024 earnings with an EPS of $1.46, beating estimates by 67.82%. Sales also exceeded expectations at $133.205 million. However, sales were down 21.08% year-over-year.
The significant beat on both EPS and sales estimates is likely to positively impact the stock price in the short term. However, the year-over-year decline in sales may temper some of the enthusiasm.
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