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.
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