Littelfuse Q2 Adj $3.12 Misses $3.32 Estimate, Sales $612.00M Miss $618.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Littelfuse (NASDAQ:LFUS) reported Q2 earnings of $3.12 per share, missing the analyst consensus estimate of $3.32 by 6.02%. This is a 26.76% decrease from the same period last year. The company also reported quarterly sales of $612.00 million, missing the analyst consensus estimate of $618.83 million by 1.10%. This is a 1.04% decrease from the same period last year.
August 04, 2023 | 10:35 am
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Littelfuse's Q2 earnings and sales missed estimates, with a significant YoY decrease in earnings per share. This could negatively impact the stock in the short term.
Littelfuse's earnings and sales for Q2 have both missed estimates, which is typically seen as a negative signal by the market. Additionally, the company's earnings per share have decreased significantly compared to the same period last year, which could further contribute to a negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100