Vishay Intertechnology Earnings: Swung to a Profit
Vishay Intertechnology Inc. (NYSE:VSH) said that it swung to a second-quarter net profit of $76.7 million, or 40 cents a share. Vishay Intertechnology, Inc. manufactures a broad line of passive and discreet active electronic components, particularly resistors, capacitors, inductors, diodes, and transistors. The Company’s products are utilized in computers, telephones, televisions, automobiles, household appliance, medical equipment, satellites, and military and aerospace equipment.
Vishay Intertechnology Earnings Cheat Sheet for the First Quarter
Results: In the year-ago period, the firm posted a loss of $58.9 million, or 32 cents a share.
Revenue: Revenue rose to $701.7 million from $460.3 million a year earlier.
Actual vs. Wall St. Expectations: Analysts had been expecting earnings of 28 cents a share (FactSet).
Outlook: “Based on our backlog and increasing manufacturing capacities, we anticipate [third quarter] revenues of between $650 to $690 million at slightly improved results,” said CEO Gerald Paul.
Quoting Management: “Based on our backlog and increasing manufacturing capacities, we anticipate [third quarter] revenues of between $650 to $690 million at slightly improved results,” said CEO Gerald Paul.
Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), Analog Devices, Inc. (NYSE:ADI), ON Semiconductor Corp. (NASDAQ:ONNN), Atmel Corporation (NASDAQ:ATML), Linear Technology Corp. (NASDAQ:LLTC), IXYS Corporation (NASDAQ:IXYS), Semtech Corporation (NASDAQ:SMTC), STMicroelectronics N.V. (NYSE:STM), Maxim Integrated Products Inc. (NASDAQ:MXIM), and Intel Corporation (NASDAQ:INTC).
Stock Performance: Shares of VSH are up 2%.