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Article: Bel Reports First Quarter Results.
- Article from:
- Business Wire
- Article date:
- April 26, 2002
CopyrightCOPYRIGHT 2002 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
JERSEY CITY, N.J.--(BUSINESS WIRE)--April 26, 2002
Bel Fuse Inc. (NASDAQ:BELFA) (NASDAQ:BELFB) announced today a net loss for the first quarter ended March 31, 2002 of $1,821,000, or $0.17 per diluted share. Revenue for this year's first quarter was $16,514,000. This compares to a net loss for the fourth quarter of 2001 of $8,228,000, or $0.77 per share, which included charges of $4,603,000 (net of taxes), or $0.44 per share. Revenue for the 2001 fourth quarter was $16,973,000. For the first quarter of 2001, Bel reported net income of $7,600,000, or $0.68 per diluted share, on revenue of $33,700,000.
At March 31, 2002, Bel ...