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Bel Fuse: Q2 Earnings Snapshot
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WEST ORANGE, N.J. (AP) — WEST ORANGE, N.J. (AP) — Bel Fuse Inc. (BELFB) on Wednesday reported second-quarter profit of $25.5 million.

The West Orange, New Jersey-based company said it had net income of $1.89 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $2.90 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.

The maker of electronic products for circuits posted revenue of $210.7 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $206 million.

Bel Fuse shares have increased 43% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $243.05, an increase of 86% 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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