WEST ORANGE, N.J. (AP) — WEST ORANGE, N.J. (AP) — Bel Fuse Inc. (BELFB) on Thursday reported first-quarter profit of $17.9 million.
The West Orange, New Jersey-based company said it had profit of $1.43 per share. Earnings, adjusted for non-recurring gains, were $1.35 per share.
The maker of electronic products for circuits posted revenue of $152.2 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $148.3 million.
Bel Fuse shares have decreased 15% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $70.16, an increase of 16% in the last 12 months.
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