Vishay Precision Group Inc (VPG) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Vishay Precision Group Inc (VPG) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $0.15 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.20. The company posted revenue of $58.00 million in the period, compared to analysts expectations of $60.65 million. The company’s revenue was down -2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Vishay Precision Group Inc opened for trading at $13.94 and hit $14.27 on the upside on Monday, eventually ending the session at $14.23, with a gain of 2.15% or 0.3 points. The heightened volatility saw the trading volume jump to 23,762 shares. Company has a market cap of $188 M.

Vishay Precision Group Inc. (VPG) designs manufactures and markets sensors and sensor-based measurement systems as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products Force Sensors and Weighing and Control Systems. The Foil Technology Products segment includes foil resistor and strain gage operating segments. The segment’s brands include Alpha Electronics Micro-Measurements Powertron and Vishay Foil Resistors. The Force Sensors segment includes load cells and force measurement transducers that are offered as precision sensors for industrial and commercial use. The segment’s brand includes VPG Transducers. The Weighing and Control Systems segment designs and manufactures complete systems that consist of load cells and instrumentation for weighing and force control/measurement. The segment’s brands include BLH Nobel KELK and VPG Onboard Weighing.

Vishay Precision Group Inc

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