DES PLAINES, IL --
Littelfuse has revised sales and earnings expectations for the second quarter of 2005. Sales for the second quarter, which previously were expected to increase approximately 8 percent sequentially, are now expected to be roughly flat with first quarter 2005 sales of $122 million. Earnings for the second quarter, which previously were expected to be in the range of 28 cents to 32 cents per diluted share, are now expected to be in the range of 18 cents to 20 cents per share.
"While the strong book-to-bill trend which began in early April has continued, we have not seen the upturn in shipments that we were expecting," said Gordon Hunter, CEO. "Electronic distributor sales in North America and China remain weak as do global telecom sales. After a relatively strong April, automotive sales have also weakened in both North America and Europe. On the other hand, we are currently seeing positive trends in our electrical business in North America and in digital electronics in Southeast Asia and Taiwan," added Hunter.
For more information about Littelfuse, go to: www.littelfuse.com.
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