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Bel Fuse Sees Q4 Revenue Rising 19% from Year Ago - Stock Rises 4%

3:42PM ET 1/15/2019 MT Newswires
Bel Fuse (BELFA) said on Tuesday it expects net sales of about $143 million in Q4, up 19% from the same quarter of 2017, resulting in full year 2018 sales of about $548 million, compared to $492 million for 2017. Analysts polled by Capital IQ are expecting Q4 revenue of $136 million and $541.5 million for the year.

It expects Q4 bookings continued to have year-over-year improvement over the 2017 period, bringing annual bookings for 2018 to about $578 million as compared to $516 million in 2017, adding that its backlog of orders was $171.2 million at Dec. 31, 2018, up 17% from $146.5 million at the end of 2017.

It plans to report its Q4 preliminary financial results on Feb. 21.

Price: 15.60, Change: +0.60, Percent Change: +4.00