Littelfuse (LFUS) Releases Earnings Results, Beats Expectations By $0.02 EPS

Littelfuse (LFUS) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $1.44 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $1.42. The company posted revenue of $271.90 million in the period, compared to analysts expectations of $270.90 million. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.

Littelfuse closed down -1.12 points or -0.90% at $122.76 with 78,905 shares getting traded on Tusday. Post opening the session at $123.82, the shares hit an intraday low of $122.53 and an intraday high of $124 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

Investors should note that on Jul 21, 2016, Littelfuse announced a cash dividend of $0.3300. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 8, 2016.

In a different news, on May 17, 2016, Anthony Grillo (director) sold 750 shares at $109.77 per share price. According to the SEC, on Mar 3, 2016, Dieter Roeder (Sr. VP & G.M. Automotive Div.) sold 8,473 shares at $115.99 per share price. On Feb 18, 2016, Ronald L Schubel (director) sold 1,000 shares at $112.98 per share price, according to the Form-4 filing with the securities and exchange commission.

Littelfuse Inc. (Littelfuse) is a supplier of circuit protection products for the electronics automotive and electrical industries. In addition to the portfolio of circuit protection products and solutions the Company and its subsidiaries offer a line of electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems as well as protection relays and power distribution centers. The Company operates in three segments: Electronics Automotive and Electrical. Electronic circuit protection products are used to protect circuits in electronic systems. Its Electronic product offering includes a line of overcurrent and overvoltage solutions as well as sensors. The company’s automotive fuse products include ATO MINI MIDI MEGA Masterfuse JCASE and CablePro. It manufactures and sells a range of Electrical Products including low-voltage and medium-voltage circuit protection products.


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