JERSEY CITY, N.J. (AP) — JERSEY CITY, N.J. (AP) — Bel Fuse Inc. (BELFA) on Wednesday reported fourth-quarter net income of $14 million.
On a per-share basis, the Jersey City, New Jersey-based company said it had profit of $1.06. Earnings, adjusted for restructuring costs, were $1.27 per share.
The maker of electronic products for circuits posted revenue of $169.2 million in the period.
For the year, the company reported profit of $52.7 million, or $4.01 per share. Revenue was reported as $654.2 million.
Bel Fuse shares have climbed 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.09, more than doubling in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BELFA at https://www.zacks.com/ap/BELFA
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
