Vishay Intertechnology Inc. Profit Declines 35% In Q3

(RTTNews) - Vishay Intertechnology Inc. (VSH) announced earnings for third quarter that dropped from last year.

The company said its bottom line came in at $26.16 million, or $0.17 per share. This was down from $40.06 million, or $0.26 per share, in last year's third quarter.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.2% to $560.65 million. This was down from $638.21 million last year.

Vishay Intertechnology Inc. earnings at a glance:

-Earnings (Q3): $26.16 Mln. vs. $40.06 Mln. last year. -Earnings Decline (Y-o-Y): -34.7% -EPS (Q3): $0.17 vs. $0.26 last year. -EPS Decline (Y-o-Y): -34.6% -Analysts Estimate: $0.11 -Revenue (Q3): $560.65 Mln vs. $638.21 Mln last year. -Revenue Change (Y-o-Y): -12.2%

-Guidance: Next quarter revenue guidance: $540 - $580 Mln