JERSEY CITY, N.J. (AP) — JERSEY CITY, N.J. (AP) — Bel Fuse Inc. (BELFA) on Wednesday reported fourth-quarter earnings of $12 million.
The Jersey City, New Jersey-based company said it had profit of 90 cents per share. Earnings, adjusted for non-recurring costs, were $1.29 per share.
The maker of electronic products for circuits posted revenue of $140 million in the period.
For the year, the company reported profit of $73.8 million, or $5.52 per share. Revenue was reported as $639.8 million.
Bel Fuse shares have risen 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $74.87, an increase of 80% in the last 12 months.
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