Bel Fuse Q2 2024 Adj EPS $1.54 Beats $0.93 Estimate, Sales $133.205M Beat $130.177M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bel Fuse (NASDAQ:BELFB) reported Q2 2024 adjusted EPS of $1.54, significantly beating the $0.93 estimate. Sales were $133.205M, surpassing the $130.177M estimate but down 21.08% from last year's $168.777M.
July 24, 2024 | 8:23 pm
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Bel Fuse's Q2 2024 earnings per share of $1.54 beat estimates by 65.59%, and sales of $133.205M exceeded expectations. However, sales decreased by 21.08% compared to the same period last year.
The significant beat on EPS and sales exceeding estimates are positive indicators for the stock in the short term. However, the YoY sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100