Pivotal Point Tracking Littelfuse (LFUS): Specialist in Circuit Protection Reports 47% Profit Growth and Raises Outlook
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Littelfuse is a manufacturer of circuit protection components, sensors, and power semiconductors. The company secures electrical systems in electronics, automotive, and industrial applications. On July 30, strong results for Q2 and an optimistic outlook led to a significant stock jump. The rising demand for reliable power supply in data centers, along with the recovery in industrial and automotive markets, drove sales and profits. Revenue increased by 20.4% year-on-year to $739 million. The EPS rose by 47% to $4.19. In Q3, revenue is expected to...
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