Vishay Intertechnology Inc. Q1 Income Drops, but beats estimates

(RTTNews) - Vishay Intertechnology Inc. (VSH) released a profit for first quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $30.92 million, or $0.22 per share. This compares with $111.78 million, or $0.79 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 14.3% to $746.28 million from $871.05 million last year.

Vishay Intertechnology Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $30.92 Mln. vs. $111.78 Mln. last year. -EPS (Q1): $0.22 vs. $0.79 last year. -Revenue (Q1): $746.28 Mln vs. $871.05 Mln last year.

-Guidance: Next quarter revenue guidance: $730 - $770 Mln