Littelfuse Inc. (LFUS) announced Tuesday morning that it now expects to report a second quarter GAAP EPS loss of $0.12 to $0.14 per share, which includes restructuring charges of approximately $0.22 per share. The consensus estimate is for break-even earnings. Revenues are now expected to come in at about $101 million.
Littelfuse Inc. gapped open sharply higher Tuesday, but was range-bound for the majority of the session. Shares finished up by $2.50 at $22.63 on the highest volume of the year. The stock broke out of a one-month range and set nearly a 9-month high.
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