Bel Fuse (BELFA) Reports Q4 EPS of $0.31
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Bel Reports Fourth Quarter and Full Year 2016 Results
February 17, 2017 7:30 AM ESTJERSEY CITY, NJ -- (Marketwired) -- 02/17/17 -- Bel Fuse Inc. (NASDAQ: BELFA) (NASDAQ: BELFB) today announced preliminary financial results for the fourth quarter and full year 2016.
Fourth Quarter 2016 Highlights
Net sales were $118.5 million for the fourth quarter of 2016, representing a 12.4% decline from $135.2 million in the fourth quarter of 2015. Gross profit margin improved to 20.7% in the fourth quarter of 2016, up from 19.3% in the fourth quarter of 2015. Net earnings increased to $3.4 million in the fourth quarter of 2016 compared to $2.9... More