Investing.com - Bel Fuse B reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Bel Fuse B announced earnings per share of $1.33 on revenue of $177.70. Analysts polled by Investing.com anticipated EPS of $0.80 on revenue of $159M.
Bel Fuse B shares are down 39% from the beginning of the year , still down 0.00% from its 52 week high of $34.52 set on Friday, October 28, 2022.
Bel Fuse B follows other major Information Technology sector earnings this month
Bel Fuse B's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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