JERSEY CITY, N.J. (AP) — JERSEY CITY, N.J. (AP) — Bel Fuse Inc. (BELFA) on Thursday reported first-quarter earnings of $17.9 million.
On a per-share basis, the Jersey City, New Jersey-based company said it had profit of $1.36. Earnings, adjusted for non-recurring gains, came to $1.28 per share.
The maker of electronic products for circuits posted revenue of $152.2 million in the period.
Bel Fuse shares have decreased 26% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $66.40, a decrease of nearly 7% in the last 12 months.
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