Vishay Precision Group, Inc. Q3 Profit Decreases, misses estimates

(RTTNews) - Vishay Precision Group, Inc. (VPG) announced a profit for third quarter that decreased from the same period last year and missed the Street estimates.

The company's earnings came in at $6.28 million, or $0.46 per share. This compares with $10.12 million, or $0.74 per share, in last year's third quarter.

Excluding items, Vishay Precision Group, Inc. reported adjusted earnings of $6.44 million or $0.47 per share for the period.

Analysts on average had expected the company to earn $0.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.7% to $85.85 million from $90.06 million last year.

Vishay Precision Group, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $6.28 Mln. vs. $10.12 Mln. last year. -EPS (Q3): $0.46 vs. $0.74 last year. -Analyst Estimates: $0.56 -Revenue (Q3): $85.85 Mln vs. $90.06 Mln last year.

-Guidance: Next quarter revenue guidance: $77 - $87 Mln