Belden Inc is a leading global manufacturer of networking, connectivity, and cable solutions that enable the transmission of data, sound, and video across various industries
The company specializes in providing innovative products and services designed for challenging environments, ensuring reliable communication and connectivity for sectors such as industrial automation, data centers, broadcast, and telecommunications. Belden’s extensive portfolio includes high-performance cables, connectivity solutions, and network infrastructure technologies, catering to the growing need for robust, secure, and efficient communication systems in an increasingly digital and interconnected world. Through its commitment to quality and innovation, Belden plays a crucial role in enhancing the performance and reliability of critical infrastructure across diverse applications.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Bel Fuse (NASDAQBELFA) and the best and worst performers in the electronic components industry.
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Belden has had an impressive run over the past six months as its shares have beaten the S&P 500 by 13.8%. The stock now trades at $120.71, marking a 28% gain. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
Precision measurement and sensing technologies provider Vishay Precision (NYSEVPG)
will be reporting earnings tomorrow before the bell. Here’s what investors should know.
Electronic component manufacturer Belden (NYSEBDC) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 4.5% year on year to $654.9 million. The company expects next quarter’s revenue to be around $652.5 million, close to analysts’ estimates. Its non-GAAP profit of $1.70 per share was also 5.6% above analysts’ consensus estimates.
