Vishay: 2Q Earnings Snapshot
MALVERN, Pa. (AP) _ Vishay Intertechnology Inc. (VSH) on Tuesday reported second-quarter profit of $103.1 million.
The Malvern, Pennsylvania-based company said it had profit of 65 cents per share. Earnings, adjusted for non-recurring gains, came to 54 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The chipmaker posted revenue of $761 million in the period.
Vishay shares have increased 20 percent since the beginning of the year. The stock has climbed 40 percent in the last 12 months.