JERSEY CITY, N.J. (AP) — JERSEY CITY, N.J. (AP) — Bel Fuse Inc. (BELFA) on Tuesday reported a loss of $5.4 million in its fourth quarter.
On a per-share basis, the Jersey City, New Jersey-based company said it had a loss of 42 cents. Earnings, adjusted for non-recurring costs, were $1.88 per share.
The maker of electronic products for circuits posted revenue of $175.9 million in the period.
For the year, the company reported profit of $61.5 million, or $4.65 per share. Revenue was reported as $675.5 million.
Bel Fuse shares have risen 42% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $215.96, more than doubling in the last 12 months.
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