Littelfuse Q1 2024 Adj EPS $1.76 Beats $1.75 Estimate, Sales $535.385M Beat $519.195M Estimate
Portfolio Pulse from Benzinga Newsdesk
Littelfuse reported Q1 2024 adjusted EPS of $1.76, surpassing the $1.75 estimate, with sales of $535.385M exceeding the $519.195M forecast. This represents a 51.65% decrease in earnings and a 12.20% decrease in sales from the previous year.
April 30, 2024 | 9:03 pm
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Littelfuse's Q1 2024 earnings and sales surpassed estimates, with a notable decrease in earnings and sales compared to last year.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year decrease in earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
CONFIDENCE 95
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RELEVANCE 100