Littelfuse Q3 Adj EPS $2.97 Beats $2.61 Estimate, Sales $607.07M Beat $585.47M Estimate
Portfolio Pulse from bharat@benzinga.com
Littelfuse (NASDAQ:LFUS) reported Q3 earnings of $2.97 per share, beating the analyst consensus estimate of $2.61 by 13.79%. However, this is a 30.61% decrease from the same period last year. The company also reported quarterly sales of $607.07 million, beating the estimate of $585.47 million by 3.69%, but this is a 7.86% decrease from last year.
October 31, 2023 | 9:34 pm
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NEUTRAL IMPACT
Littelfuse's Q3 earnings and sales beat estimates but show a decrease from the same period last year. This mixed result could lead to uncertain market reactions.
While Littelfuse beat the estimates for Q3 earnings and sales, the fact that these figures are down from the same period last year could lead to mixed reactions from investors. This could result in an uncertain short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100