Littelfuse Q3 2024 Adj EPS $2.71 Beats $2.09 Estimate, Sales $567.39M Beat $557.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Littelfuse (NASDAQ:LFUS) reported Q3 2024 earnings per share of $2.71, surpassing the analyst estimate of $2.09. Despite a year-over-year decrease in both EPS and sales, the company exceeded expectations, with sales reaching $567.39 million against a $557.38 million estimate.
October 29, 2024 | 9:01 pm
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Littelfuse reported Q3 2024 EPS of $2.71, beating the $2.09 estimate, and sales of $567.39M, exceeding the $557.38M estimate. Despite a year-over-year decline in both metrics, the results were better than expected.
Littelfuse's Q3 2024 earnings and sales both exceeded analyst expectations, which is typically a positive indicator for short-term stock performance. Although there was a year-over-year decline, the market often reacts favorably to earnings beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100