Littelfuse Beats Estimates With 82 Cent EPS (LFUS)

Chicago, Illinois-based Littelfuse, Inc. LFUS announced on Thursday morning that it beat consensus Wall Street earnings estimates. Littelfuse, Inc reported that its 4th quarter net income rose to $19.6 million, or 88 cents per share, up from $11.7 million, or 53 cents per share, a year earlier. Excluding special items, the company's earnings came in at 82 cents per share Littelfuse, Inc reported revenue of $142.65 million, up 11% from $127.93 million a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 80 cents per share, on revenue of $142.67 million. Littelfuse, Inc. (LFUS) closed the previous trading day at $50.53 per share. Analysts covering the company's stock give it a consensus price target of $54.00 per share. Littelfuse, Inc products are vital components in virtually every product that uses electrical energy, including portable and consumer electronics, automobiles, industrial equipment and telecom/datacom circuits. Read more from Benzinga's Company news.