Vishay Intertechnology (VSH) Releases Earnings Results, Beats Expectations By $0.03 EPS

Vishay Intertechnology (VSH) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.16. The company posted revenue of $570.61 million in the period, compared to analysts expectations of $559.16 million. The company’s revenue was down -3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Vishay Intertechnology closed down -0.04 points or -0.33% at $12.12 with 11,56,420 shares getting traded on Monday. Post opening the session at $12.15, the shares hit an intraday low of $11.96 and an intraday high of $12.205 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 15, 2016, Ziv Shoshani (director) sold 5,000 shares at $12.17 per share price.

Vishay Intertechnology Inc. is a global manufacturer and supplier of discrete semiconductors and passive components. The Company supports the microprocessor chips and other integrated circuits (ICs) that coordinate and control the functions of electronic devices and equipment. The Company offers its customers access to electronic component product lines of any manufacturer in the United States Europe and Asia. The Company’s products are of two classes: semiconductors and passive components. The Company’s semiconductors include MOSFETs diodes and optoelectronic components which operate in both the commodity and non-commodity markets. Its passive components include resistors capacitors and magnetics such as inductors and transformers. The Company operates through five product segments: MOSFETs Diodes Optoelectronic Components Resistors & Inductors and Capacitors.

Vishay Intertechnology

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