Bel Fuse: Jumps on forecast of sequential sales growth

Bel Fuse

01/05/2020 16:38

** Shares of electronic equipment maker  BELFA.O  up ~24% at
$8.81
    ** Company reports smaller-than-expected loss of 29
cents/shr vs est of 30 cents/shr loss - Refinitiv IBES
    ** Says it has seen positive signs in underlying business in
Q2
    ** Anticipates improvement in sales and financial results in
Q2 as compared to Q1, but warns it has limited visibility due to
the evolving COVID-19 environment  urn:newsml:reuters.com:*:nGNX6BXtg9
    ** Stock down 45.6% YTD

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext:
2776; Reuters Messaging:
arundhati.sarkar.thomsonreuters.com@reuters.net))