Littelfuse (LFUS) Reports In-Line Q3 EPS

Littelfuse (NASDAQ: LFUS) reported Q3 EPS of $1.87, in-line with the analyst estimate of $1.87. Revenue for the quarter came in at $280.3 million versus the consensus estimate of $278.26 million.

GUIDANCE:

Littelfuse sees Q4 2016 EPS of $1.45-$1.59, versus the consensus of $1.42. Littelfuse sees Q4 2016 revenue of $270-280 million, versus the consensus of $273.23 million.

"We’re very pleased with our third quarter performance, led by our electronics and automotive segments as well as a sustained reduction in our tax rate," said Gordon Hunter, chief executive officer. "While we continued to face end market weakness across our industrial business, we took further action this quarter to improve profitability. On the acquisition front, we’re ahead of our initial expectations with the PolySwitch integration, and off to a strong start with the ON product portfolio.”

For earnings history and earnings-related data on Littelfuse (LFUS) click here.

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• 3 E Network CEO outlines robotics strategy focused on edge AI chips
• Nvidia pitches Vera CPU to Chinese clients with August delivery target