Littelfuse: 2Q Earnings Snapshot
CHICAGO (AP) _ Littelfuse Inc. (LFUS) on Wednesday reported second-quarter net income of $42.3 million.
On a per-share basis, the Chicago-based company said it had net income of $1.67. Earnings, adjusted for non-recurring costs and restructuring costs, came to $2.68 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.49 per share.
The circuit protection manufacturer posted revenue of $459.2 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $458.6 million.
Littelfuse shares have climbed almost 10 percent since the beginning of the year. The stock has risen 20 percent in the last 12 months.