Belden Q2 2024 Adj. EPS $1.51 Beats $1.37 Estimate, Sales $604.336M Beat $574.320M Estimate
Portfolio Pulse from Benzinga Newsdesk
Belden (NYSE: BDC) reported Q2 2024 adjusted EPS of $1.51, beating the estimate of $1.37. Sales were $604.336M, surpassing the $574.320M estimate but down 12.70% from last year's $692.245M.
August 01, 2024 | 11:31 am
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Belden reported Q2 2024 adjusted EPS of $1.51, beating the estimate of $1.37. Sales were $604.336M, surpassing the $574.320M estimate but down 12.70% from last year's $692.245M.
Belden's Q2 2024 earnings and sales both exceeded analyst estimates, which is positive for the stock. However, the year-over-year sales decline of 12.70% may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100