Bel Fuse Inc reports results for the quarter ended in December - Earnings Summary

Bel Fuse

23/02/2024 03:04

* Bel Fuse Inc  BELFA.OQ  reported quarterly adjusted
earnings of
$1.37​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$1.35.  The mean expectation of two analysts for the quarter was
for earnings of $1.38 per share. Wall Street expected results to
range from $1.38  to $1.38 per share.
    * Revenue fell 17.3% to $140.01 million from a year ago;
analysts
expected $150.50 million. 
    * Bel Fuse Inc's reported EPS for the quarter was 95 cents​.
    * The company reported quarterly net income of $12.04
million.
    * Bel Fuse Inc shares had risen by 15.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 

This summary was machine generated from LSEG data February 23 at
03:04 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.38           1.37           Missed
 Sep. 30 2023      1.27           1.68           Beat
                                  1.99           
                                  1.49