“Looking ahead to the fourth quarter, which generally reflects seasonality due to the holidays, based on information available today we estimate net sales of $165M-$180M and expect gross margin to remain healthy in the 37%-39% range. Across Bel, there is strong internal collaboration as we focus on growth and new opportunities for the next chapter of our journey,” concluded Mr. Tuweiq.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BELFA: