Vishay Precision Shares Fall After Fiscal Q2 Results Miss Analyst Expectations

MT Newswires Live

08/05

Vishay Precision (VPG) shares were down 29% in recent Wednesday trading after the company reported fiscal Q2 results that missed analyst estimates.

The company posted quarterly adjusted earnings of $0.04 per diluted share, compared with $0.21 a year earlier.

Three analysts polled by FactSet expected $0.19.

Revenue for the quarter ended July 4 was $83.9 million, compared with $75.2 million a year earlier.

Three analysts surveyed by FactSet expected $87.4 million.

Vishay said it expects fiscal Q3 revenue to be in the range of $84 million to $89 million. Three analysts expect $88.2 million.

Price: 69.98, Change: -31.17, Percent Change: -30.81

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