Bel Fuse: Q2 Earnings Snapshot

Associated Press Finance
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JERSEY CITY, N.J. (AP) — JERSEY CITY, N.J. (AP) — Bel Fuse Inc. (BELFB) on Wednesday reported second-quarter profit of $27.8 million.

On a per-share basis, the Jersey City, New Jersey-based company said it had net income of $2.19. Earnings, adjusted for non-recurring gains, came to $1.95 per share.

The maker of electronic products for circuits posted revenue of $168.8 million in the period.

Bel Fuse shares have risen 79% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $58.94, more than tripling 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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