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Bel Fuse: Q3 Earnings Snapshot
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WEST ORANGE, N.J. (AP) — WEST ORANGE, N.J. (AP) — Bel Fuse Inc. (BELFB) on Wednesday reported third-quarter earnings of $26.3 million.

The West Orange, New Jersey-based company said it had profit of $1.83 per share. Earnings, adjusted for non-recurring costs and stock option expense, were $3.07 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.72 per share.

The maker of electronic products for circuits posted revenue of $220.5 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $213.3 million.

For the current quarter ending in December, Bel Fuse said it expects revenue in the range of $220 million to $240 million.

Bel Fuse shares have risen 34% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $227.77, a rise of 47% 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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