Vishay Intertechnology Q2 Profit Declines - Quick Facts

(RTTNews) - Discrete semiconductors and passive components manufacturer Vishay Intertechnology, Inc. (VSH) Tuesday posted second quarter net earnings attributable to shareholders of $26.3 million or $0.17 per share, compared to $35.6 million or $0.23 per share last year.

Adjusted earnings per share, which exclude special items, were $0.20, compared to $0.27 in the previous year. On average, 6 analysts polled by Thomson Reuters expected the company to earn $0.23 per share. Analysts figures usually exclude special items.

Revenues for the quarter, however, declined to $590.47 million from $641.93 million a year ago, while five analysts expected $610.40 million. Based on a 1.10 U.S. dollar to euro exchange rate, the company expects third quarter revenues of $560 to $600 million. Street expects revenue of $607.76 million.