JERSEY CITY, N.J. (AP) _ Bel Fuse Inc. (BELFA) on Thursday reported fourth-quarter net income of $4 million, after reporting a loss in the same period a year earlier.
The Jersey City, New Jersey-based company said it had profit of 31 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to 37 cents per share.
The maker of electronic products for circuits posted revenue of $142.7 million in the period.
For the year, the company reported net income of $20.7 million, or $1.62 per share, swinging to a profit in the period. Revenue was reported as $548.2 million.
Bel Fuse shares have climbed 51 percent since the beginning of the year. The stock has climbed 26 percent in the last 12 months.
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