Bel Fuse (BELFA) Reports Q1 EPS of $0.48
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Bel Reports First Quarter 2016 Results
May 6, 2016 7:30 AM EDTJERSEY CITY, NJ -- (Marketwired) -- 05/06/16 -- Bel Fuse Inc. ("Bel," or, "the Company") (NASDAQ: BELFA) (NASDAQ: BELFB) today announced preliminary financial results for the first quarter of 2016.
First Quarter 2016 Highlights
Net sales decreased 14.7% to $121.2 million in the first quarter of 2016 as compared with $142.0 million in the first quarter of 2015. Operating loss was $103.4 million in the first quarter of 2016, which included a non-cash goodwill and other intangible assets impairment charge of $108.6 million. Excluding this charge,... More