Littelfuse Reports Third Quarter Results For 2019
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Littelfuse (LFUS) Tops Q3 EPS by 21c, Revenues Miss; Offers Q4 EPS/Revenue Outlook Below Consensus
October 30, 2019 6:17 AM EDTLittelfuse (NASDAQ: LFUS) reported Q3 EPS of $1.78, $0.21 better than the analyst estimate of $1.57. Revenue for the quarter came in at $362 million versus the consensus estimate of $368.19 million.
Net sales of $362.0 million were down 18% versus the prior year period, and down 16% organically, primarily due to ongoing global trade uncertainties, excess electronics channel inventories and declines in global auto productionSegment performance versus the prior year period:Electronics sales decreased 23% (down 21%... More