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Article: Bel Reports Higher Revenue and Net Earnings For First Quarter of 2004.
- Article from:
- Business Wire
- Article date:
- April 29, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/High-Tech Writers
JERSEY CITY, N.J.--(BUSINESS WIRE)--April 29, 2004
Bel Fuse Inc. (Nasdaq:BELFA)(Nasdaq:BELFB) today announced higher unaudited revenue and net earnings for the first quarter of 2004.
For the three months ended March 31, 2004, revenue increased 70% to $42,357,000 from $24,947,000 for the first quarter of 2003. Gross margin improved to 30% from 28% last year, and income from operations increased to $5,615,000 from $2,133,000. Net earnings increased to $4,655,000, or $0.41 per diluted share. This compares to net earnings of $1,780,000, or $0.16 per diluted share, for the same period a year earlier.
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