05:27 PM EDT, 07/30/2024 (MT Newswires) -- Littelfuse ( LFUS ) reported Q2 adjusted earnings late Tuesday of $1.97 per diluted share, down from $3.12 a year earlier.

Analysts polled by Capital IQ expected $1.76 per share.

Net sales for the quarter ended June 29 were $558.5 million, down from $612 million a year earlier.

Analysts surveyed by Capital IQ expected $540.4 million.

Littelfuse ( LFUS ) said it expects Q3 adjusted EPS of $1.95 to $2.15 on sales of $540 million to $570 million. Analysts polled by Capital IQ are looking for EPS of $2.34 and sales of $565.5 million.

The company raised its quarterly dividend to $0.70 per share from $0.65 per share. The dividend is payable Sept. 5 to shareholders of record on Aug. 22.