Bel Fuse: 3Q Earnings Snapshot

October 30, 2020 GMT

JERSEY CITY, N.J. (AP) _ Bel Fuse Inc. (BELFB) on Friday reported third-quarter net income of $7.5 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Jersey City, New Jersey-based company said it had profit of 61 cents. Earnings, adjusted for restructuring costs, came to 62 cents per share.

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

Bel Fuse shares have declined 49% since the beginning of the year. The stock has declined 31% in the last 12 months.


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