Littelfuse Q3 Profit Rises - Quick Facts

(RTTNews) - Littelfuse, Inc. (LFUS) reported that its third-quarter net income available to shareholders increased to $26.99 million or $1.19 per share, from $22.75 million or $1.03 per share, last year. The company noted that its earnings for the quarter included a $1.5 million foreign exchange loss and $0.6 million of costs related to the Hamlin acquisition. These special items reduced earnings by approximately $0.07 per share.

On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $1.20 for the quarter. Analysts' estimates typically exclude special items.

Net sales rose to $201.04 million, from $172.69 million, a year ago. Analysts expected revenue of $200.78 million for the quarter.

The company expects its fourth-quarter sales to be in the range of $185 million to $195 million. Earnings per share are expected to be in the range of $0.96 to $1.10. Analysts expect the company to report fourth-quarter profit per share of $1.03, on revenue of $190.00 million.

The company said it will pay a cash dividend of $0.22 per common share on December 5, 2013 to shareholders of record at the close of business on November 20, 2013.