Skip to main content

Bel Fuse: Q4 Earnings Snapshot

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.

_____

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

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
Read Next Story

Related Stories

Knicks take 1-0 lead into game 2 against the Spurs

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

Police warn families of Tiananmen crackdown dead not to visit graves on 37th anniversary