BOSTON (Thomson Financial) - Vishay Intertechnology Inc. Tuesday said
first-quarter income from continuing operations fell to $17.6 million, or 9
cents a share, from $50 million, or 25 cents a share, in the year-ago period.
The company reported adjusted income for the first quarter of 19 cents a
share, missing the mean estimate of analysts polled by Thomson Reuters of 23
cents a share.
Revenue for the Malvern, Pa.-based semiconductor manufacturer rose to $733.3
million from $658.2 million a year earlier. Analysts, on average, had estimated
revenue of $729.6 million.
For the second quarter, Vishay forecast revenue of $700 million to $750
million, compared to the analyst consensus estimate of $745.3 million.
Shares closed Monday at $9.65.
Casey Logan
cl/pc
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