WEST ORANGE, N.J. (AP) — WEST ORANGE, N.J. (AP) — Bel Fuse Inc. (BELFB) on Wednesday reported third-quarter net income of $22.3 million.
On a per-share basis, the West Orange, New Jersey-based company said it had profit of $1.77. Earnings, adjusted for non-recurring costs and stock option expense, came to $2.09 per share.
The maker of electronic products for circuits posted revenue of $179 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $170.4 million.
Bel Fuse shares have climbed 85% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $152.46, a climb of 97% in the last 12 months.
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