Littelfuse Earnings: Here’s Why Shares are Up Now
Littelfuse Inc. (NASDAQ:LFUS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.52%.
Littelfuse Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 17.28% to $0.95 in the quarter versus EPS of $0.81 in the year-earlier quarter.
Revenue: Rose 6.43% to $170.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Littelfuse Inc. reported adjusted EPS income of $0.95 per share. By that measure, the company beat the mean analyst estimate of $0.94. It beat the average revenue estimate of $169.52 million.
Quoting Management: “The broad-based sales increase in the first quarter coupled with improving book-to-bill is encouraging,” said Gordon Hunter, Chief Executive Officer. “Although several of our end markets are still relatively weak, we are becoming more confident in our belief that the second and third quarters will show normal seasonal strength.”
Key Stats (on next page)…