WEST ORANGE, N.J. (AP) — WEST ORANGE, N.J. (AP) — Bel Fuse Inc. (BELFB) on Wednesday reported second-quarter profit of $25.5 million.
The West Orange, New Jersey-based company said it had net income of $1.89 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $2.90 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.
The maker of electronic products for circuits posted revenue of $210.7 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $206 million.
Bel Fuse shares have increased 43% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $243.05, an increase of 86% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BELFB at https://www.zacks.com/ap/BELFB
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