Manufacturers

Littelfuse Q4 Earnings and Revenues Miss Estimates

CHICAGO (AP) — Littelfuse Inc. on Wednesday reported fourth-quarter net income of $32.7 million, after reporting a loss in the same period a year earlier.

The Chicago-based company said it had net income of $1.29 per share. Earnings, adjusted for one-time gains and costs, came to $1.87 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2 per share.

The circuit protection manufacturer posted revenue of $402.3 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $412.7 million.

For the year, the company reported profit of $164.6 million, or $6.52 per share. Revenue was reported as $1.72 billion.

For the current quarter ending in April, Littelfuse expects its per-share earnings to range from $1.86 to $2.

The company said it expects revenue in the range of $404 million to $416 million for the fiscal first quarter.

Littelfuse shares have increased 7.5 percent since the beginning of the year. The stock has declined 12 percent in the last 12 months.

The full earnings report can be found here.

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