Bel Fuse First Quarter 2024 Earnings: EPS Beats Expectations

Bel Fuse (NASDAQ:BELF.A) First Quarter 2024 Results

Key Financial Results

• Revenue: US$128.1m (down 26% from 1Q 2023).
• Net income: US$15.9m (up 8.9% from 1Q 2023).
• Profit margin: 12% (up from 8.5% in 1Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$1.25 (up from US$1.14 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bel Fuse EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 5.7% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Bel Fuse you should know about.

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