WEST ORANGE, N.J. (AP) — WEST ORANGE, N.J. (AP) — Bel Fuse Inc. (BELFB) on Tuesday reported a loss of $5.4 million in its fourth quarter.
On a per-share basis, the West Orange, New Jersey-based company said it had a loss of 43 cents. Earnings, adjusted for non-recurring costs and stock option expense, were $1.98 per share.
The maker of electronic products for circuits posted revenue of $175.9 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $171.7 million.
For the year, the company reported profit of $61.5 million, or $4.91 per share. Revenue was reported as $675.5 million.
Bel Fuse shares have risen 39% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $235.30, nearly tripling in the last 12 months.
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