Vishay Intertechnology Q1 Adj. Profit Beats Estimates

(RTTNews) - Discrete semiconductors and passive components manufacturer Vishay Intertechnology, Inc. (VSH) Tuesday announced announced an increase in first quarter net earnings attributable to shareholders of $30.7 million or $0.20 per share, compared to $25.8 million or $0.17 per share last year.

Adjusted earnings per share, which exclude special items, were $0.21 compared to $0.20 in the previous year.

On average, 6 analysts polled by Thomson Reuters expected the company to earn $0.20 per share. Analysts figures usually exclude special items.

Revenues for the quarter, however, declined to $593.4 million from $602.4 million a year ago. Wall Street expected $604.16 million.

Looking ahead to the second quarter, the company expects sequential revenue growth of 6 percent and revenues of $600 to $640 million, at constant exchange rates. Street expects $0.27 per share on revenue of $640.14 million.