Littelfuse Inc. (LFUS) announced that on a GAAP basis, it now expects first quarter 2013 earnings to be in the range of $0.63 to $0.66 per share, compared to the previous guidance of $0.75 to $0.88 per share.
The revised earnings guidance included a non-cash charge of about $10.7 million pre-tax or $0.29 per share after tax to write off the remaining equity investment and loan balance for Shocking Technologies, which is in Chapter 7 bankruptcy. But, the previous earnings guidance did not include this charge.
The company has raised its first quarter sales guidance to about $171 million from the previous guidance of $158 million to $168 million.
Analysts polled by Thomson Reuters expect the company to report earnings of $0.83 per share on revenues of $164.00 million for the first-quarter. Analysts' estimates typically exclude special items.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.