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© begemot 30 dreamstime.com Business | July 19, 2017

Littelfuse raises guidance for second quarter

Littelfuse, Inc. has revised guidance for the second quarter of 2017 upward.
  • Sales for the second quarter are now expected to be in the range of USD 312 to 314 million, compared to previous guidance of USD 301 to 311 million.
  • GAAP diluted earnings per share guidance range for the second quarter is expected to be USD 2.09 to 2.13.
  • Adjusted diluted earnings per share guidance range for the second quarter is now expected to be USD 2.08 to 2.12, compared to previous guidance of USD 1.83 to 1.97.
  • Adjusted diluted earnings per share excludes expenses relating to integration of acquisitions and non-operating foreign exchange gains and losses.
The revised second quarter guidance is primarily due to stronger demand exceeding the forecast across the electronics segment and a lower adjusted effective tax rate for the second quarter, due to a discrete tax benefit resulting from the new stock compensation accounting guidance.

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