Bel Reports Q1

JERSEY CITY, N.J. — Bel Fuse Inc. (NASDAQ:BELFA) (NASDAQ:BELFB) today announced preliminary unaudited financial results for the first quarter of 2011. First quarter highlights Sales increased 27% to a first quarter record $71.4 million compared to $56.1 million for the first quarter of 2010. Net earnings increased to $3.2 million versus a net loss of…

Details

Benchmark Electronics Reports Q1

ANGLETON, Texas — Benchmark Electronics, Inc. (NYSE: BHE), a leading integrated contract manufacturing provider, announced sales of $538 million for the quarter ended March 31, 2011, compared to $572 million for the same quarter in the prior year. The Company reported first quarter net income of $15 million, or $0.25 per diluted share. In the…

Details

Avnet Reports Q3

PHOENIX, Ariz. — Avnet, Inc. (NYSE:AVT) today announced results for the third fiscal quarter ended April 2, 2011. Roy Vallee, Chairman and Chief Executive Officer, commented, “Our revenue in the March quarter was much stronger than expected at both operating groups, driving operating income margin higher sequentially and year over year. This solid performance drove…

Details

Japan Update: Auto OEMs Hit by Shortages

Toyota Motor Corp.'s short reign as the world's biggest automotive manufacturer by unit shipment is forecast to end this year, with {complink 12709|General Motors} regaining the title it lost only a few years ago. In addition to problems related to defects-related recalls and problems in the United States last year, Toyota's shipping ability has also…

Details