Littelfuse Guides Q3 Below View; Boosts Qtly Dividend 12% - Quick Facts

(RTTNews) - While reporting financial results for the second quarter, Littelfuse, Inc. (LFUS), a manufacturer of technologies in circuit protection, power control and sensing, on Wednesday initiated adjusted earnings and net sales guidance for the third quarter and raised quarterly dividend.

For the third quarter, the company projects adjusted earnings per share in the range of $1.50 to $1.64 and net sales in the range of $362 million to $374 million.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.06 per share on sales of $409.86 million for the quarter. Analysts' estimates typically exclude special items.

Additionally, the company's Board of Directors approved a 12% increase in the quarterly cash dividend from $0.43 to $0.48, payable on September 5, 2019 to shareholders of record as of August 22, 2019.