Littelfuse Expects Q2 Net Sales Of $525M-$555M (Est $540.288M), Adjusted EPS Of $1.65-$1.85 (Est $2.12)
Portfolio Pulse from Benzinga Newsdesk
Littelfuse provided its Q2 financial guidance, expecting net sales to range between $525M-$555M, slightly below the estimated $540.288M. The company also forecasts adjusted EPS to be between $1.65-$1.85, which is below the estimated $2.12.
April 30, 2024 | 9:26 pm
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Littelfuse's Q2 guidance indicates lower-than-expected net sales and adjusted EPS, suggesting potential short-term pressure on its stock price.
Littelfuse's guidance for both net sales and adjusted EPS for Q2 is below analyst expectations, which can lead to negative investor sentiment and potentially lower stock prices in the short term. The discrepancy between the company's forecasts and market estimates may cause concern among investors regarding the company's performance.
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