Bel Fuse Q3 2024 Adj. EPS $0.99 Beats $0.93 Estimate, Sales $123.638M Beat $122.610M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bel Fuse (NASDAQ:BELFB) reported Q3 2024 earnings of $0.99 per share, surpassing the analyst estimate of $0.93. Sales were $123.638 million, also beating the estimate of $122.610 million, despite a 22.08% decrease from the previous year.
October 23, 2024 | 8:24 pm
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Bel Fuse's Q3 2024 earnings per share of $0.99 exceeded expectations, and sales of $123.638 million also surpassed estimates. However, sales decreased by 22.08% compared to the same period last year.
The positive earnings surprise and sales beat are likely to have a favorable impact on Bel Fuse's stock price in the short term. However, the significant year-over-year sales decline may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100