Bel Fuse: 3Q Earnings Snapshot

October 30, 2019 GMT

JERSEY CITY, N.J. (AP) _ Bel Fuse Inc. (BELFB) on Wednesday reported a third-quarter loss of $6.5 million, after reporting a profit in the same period a year earlier.

The Jersey City, New Jersey-based company said it had a loss of 53 cents per share. Earnings, adjusted for asset impairment costs and restructuring costs, came to 20 cents per share.

The maker of electronic products for circuits posted revenue of $124.5 million in the period.

Bel Fuse shares have declined 19% since the beginning of the year. The stock has dropped 33% in the last 12 months.


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