Vishay Precision Group, Inc. (NYSE:VPG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Vishay Precision Group, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.14 in the quarter versus EPS of $ in the year-earlier quarter.
Revenue: Rose 2.9% to $57.46 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vishay Precision Group, Inc. reported adjusted EPS income of $0.14 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $0.
Quoting Management: Ziv Shoshani, chief executive officer of VPG, said, “The inclusion of two months of KELK results in the quarter is primarily responsible for our consolidated revenue increase. I am also encouraged that we are experiencing sequential increased order levels, mainly in the Americas and European regions.”
Key Stats (on next page)…