Littelfuse Q3 Profit Matches Estimates - Quick Facts

(RTTNews) - Littelfuse, Inc.'s (LFUS) third-quarter 2014 GAAP net income improved to $29.94 million, or $1.32 per share, from $26.99 million, or $1.19 per share, last year. The recent quarter's earnings included $1.0 million of special items. Excluding these special items, earnings for the latest quarter were $1.35 per share. On average, 6 analysts polled by Thomson Reuters expected the company to earn $1.35 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the third quarter of 2014 were $217.6 million, an 8% increase compared to the prior-year quarter, as strong growth in automotive and electronics more than offset a decline in the electrical business. Excluding acquisitions, sales grew by 6% year-over-year. Analysts estimated revenues of $220.31 million for the quarter.

Looking ahead, sales for the fourth quarter of 2014 are likely to be in the range of $201 million - $211 million, which represents 4% year-on-year growth at the midpoint. Fourth-quarter earnings are expected to be in the range of $1.05 to $1.19 per share, assuming a tax rate of 26-27%.