Bel Fuse Q3 2024 Adj. EPS $0.94 Beats $0.83 Estimate, Sales $123.638M Beat $121.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bel Fuse (NASDAQ:BELFA) reported Q3 2024 earnings per share of $0.94, surpassing the $0.83 estimate, despite a 40.88% decrease from last year. Sales were $123.638M, beating the $121M estimate, but down 22.08% from the previous year.
October 23, 2024 | 8:27 pm
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Bel Fuse's Q3 2024 earnings per share of $0.94 exceeded expectations, but both earnings and sales have decreased significantly compared to the previous year.
Bel Fuse's earnings per share beat expectations, which is positive, but the significant year-over-year decline in both earnings and sales may concern investors. The mixed results could lead to a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100