Excess Channel Inventory Derails Littelfuse
Circuit protection product manufacturer Littelfuse (NASDAQ: LFUS) reported its second-quarter results before the market opened on July 31. Revenue and adjusted earnings tumbled as trade tensions, a weak automotive market, and bloated channel inventories posed major challenges. High inventories will be a problem for the rest of the year, likely killing any chance of a significant rebound in the second half.
Metric
Q2 2019
Quelle Fool.com
