Vishay Precision Group Earnings: Here’s Why Investors are Selling Shares Now
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. Shares are down 2.32%.
Vishay Precision Group, Inc. Earnings Cheat Sheet
Revenue: Rose 13.56% to $62.83 million from the year-earlier quarter.
Quoting Management: Ziv Shoshani, chief executive officer of VPG, said, “Net revenues came in as expected in the quarter, and at the same time, consolidated adjusted gross margin improved. I was encouraged that sales were strong sequentially and on a year-over-year basis. We also experienced a very strong quarter for cash generated from operations and free cash flow.”
Key Stats (on next page)…
Revenue increased 9.35% from $57.46 million in the previous quarter.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)