Vishay Precision Group Q2 Adj EPS $0.58 Beats $0.50 Estimate, Sales $90.80M Beat $87.81M Estimate
Portfolio Pulse from sunil@benzinga.com
Vishay Precision Group (NYSE:VPG) reported Q2 earnings of $0.58 per share, beating the analyst consensus estimate of $0.50 by 16%. The company also reported quarterly sales of $90.80 million, surpassing the analyst consensus estimate of $87.81 million by 3.41%. However, this represents a 14.71% decrease in earnings and a 2.46% increase in sales compared to the same period last year.
August 08, 2023 | 10:35 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Vishay Precision Group's Q2 earnings and sales exceeded analyst estimates, which could potentially boost investor confidence and positively impact the stock price in the short term.
Positive earnings reports, especially when they beat analyst estimates, often lead to an increase in investor confidence and can result in a short-term increase in the stock price. However, the decrease in earnings compared to the same period last year could temper this effect.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100