Vishay Intertechnology Q4 Profit Declines - Quick Facts

(RTTNews) - Vishay Intertechnology Inc. (VSH) reported that its fourth-quarter net earnings attributable to stockholders declined to $29.2 million or $0.19 per share, from $30.0 million, or $0.20 per share in the comparable quarter last year.

Net earnings attributable to stockholders for the fiscal quarter ended December 31, 2014 include restructuring and severance costs of $2.0 million and $1.2 million of one-time tax benefits related to U.S. tax law changes. Net earnings attributable to stockholders for the fiscal quarter ended December 31, 2013 include restructuring and severance costs of $2.8 million.

Adjusted net earnings per share were $0.19, down from $0.21 last year. On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.20 per share. Analysts' estimates typically exclude special items.

Revenues for the quarter were $610.76 million, compared to $616.17 million last year, while 5 analysts had a consensus revenue estimate of $619.55 million for the quarter.

For the first quarter 2015, the company anticipates revenues of $590 million to $630 million and gross margins of 24% to 25%. Analysts expect the company to report revenues of $615.78 million for the first-quarter.