JERSEY CITY, N.J. (AP) — JERSEY CITY, N.J. (AP) — Bel Fuse Inc. (BELFA) on Wednesday reported third-quarter profit of $22.3 million.
On a per-share basis, the Jersey City, New Jersey-based company said it had net income of $1.68. Earnings, adjusted for non-recurring costs, were $1.99 per share.
The maker of electronic products for circuits posted revenue of $179 million in the period.
Bel Fuse shares have increased 51% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $135.98, a rise of 33% in the last 12 months.
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