Vishay Intertechnology Earnings: Here’s Why Investors are Buying Shares Now

Vishay Intertechnology Inc. (NYSE:VSH) 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. Shares are up 6.41%.

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Vishay Intertechnology Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 14.29% to $0.18 in the quarter versus EPS of $0.21 in the year-earlier quarter.

Revenue: Rose 2.92% to $554.25 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Vishay Intertechnology Inc. reported adjusted EPS income of $0.18 per share. By that measure, the company beat the mean analyst estimate of $0.11. It beat the average revenue estimate of $542.6 million.

Quoting Management: Commenting on the results for the first quarter 2013, Dr. Gerald Paul, President and Chief Executive Officer, stated, “In the first quarter Vishay Intertechnology, Inc. benefited from better economic conditions as well as from improved efficiencies and some temporary measures to save fixed costs. In the course of the quarter Vishay experienced a broad based recovery with particular strength of the automotive and industrial end markets. End demand at distribution is recovering: point of sale, the sales of Vishay products by its distributors to end customers, increased 8% quarter over quarter while inventories of Vishay products at its distributors decreased by 7%.”

Key Stats (on next page)…

Revenue increased 4.46% from $530.57 million in the previous quarter. EPS increased 63.64% from $0.11 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.16 to a profit $0.18. For the current year, the average estimate is a profit of $0.76, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)