Littelfuse Lifts Q2 Outlook

(RTTNews) - Littelfuse Inc. (LFUS) said that it raised its second-quarter guidance , primarily due to stronger demand exceeding the forecast across the electronics segment and a lower adjusted effective tax rate for the second quarter.

Sales for the second quarter are now expected to be in the range of $312 million to $314 million, compared to previous guidance of $301 to $311 million.

GAAP earnings per share guidance range for the second quarter is expected to be $2.09 to $2.13.

Adjusted earnings per share guidance range for the second quarter is now expected to be $2.08 to $2.12, compared to previous guidance of $1.83 to $1.97.

Analysts polled by Thomson Reuters expect the company to report earnings of $1.92 per share and revenues of $306.97 million for the second-quarter. Analysts' estimates typically exclude special items.

The company noted that it will discuss its second quarter financial results and third quarter guidance on its previously announced August 2, 2017 conference call.