Movement Alert|Vishay Intertechnology Falls 13.66% in Regular Trading, Post-Earnings Selling Emerges After Third-Quarter Release

Market Focus
Nov 05

On November 5, Vishay Intertechnology fell 13.66% in Regular Trading, trading at $22.33/share, with turnover of $43.6826 million.

The latest disclosed catalyst is the company’s third-quarter report released on November 4, after which the stock weakened sharply as market disagreement increased following the earnings release.

Reported figures showed third-quarter EPS of $0.37, while year-to-date EPS reached $0.66. For the first three quarters, revenue was $2.707 billion, up 19.34% year over year, and net income attributable to shareholders was $94.257 million, up 1045.98%. Earlier reports also noted that second-quarter adjusted EPS was $0.19 versus a $0.14 consensus, and management had guided third-quarter revenue to $945 million-$975 million, above the $931.4 million market expectation. Separately, an analyst had raised the price target to $45 and maintained an Outperform rating before the results.

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