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United States

Bel Fuse Inc (BELFA.OQ)

BELFA.OQ on NASDAQ Stock Exchange Global Select Market

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21 Jun 2018
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Thu, May 3 2018

BRIEF-Bel Fuse Q1 Sales Rose 4 Pct To $118.3 Mln

* RESULTS CONTINUE TO BE IMPACTED BY WEAKENING OF U.S. DOLLAR, MINIMUM WAGE INCREASES IN PRC

BRIEF-Bel Fuse Qtrly Net Loss Per Class A Common Shares‍​ $1.66

* BACKLOG INCREASED TO $146.5 MILLION AT DECEMBER 31, 2017, A $33.3 MILLION, OR 29%, INCREASE FROM ITS LEVEL AT DECEMBER 31, 2016

BRIEF-Bel Sees FY 2017 Sales Of $492 Million

* BEL FUSE - IMPACT OF NEW TAX LAW TO RESULT IN INCREMENTAL TAX PROVISION OF ABOUT $20 MILLION, MOSTLY ATTRIBUTABLE TO DEEMED REPATRIATION OF FOREIGN INCOME

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