Vishay Intertechnology Q1 2024 GAAP EPS $0.22 Beats $0.21 Estimate, Sales $746.280M Beat $735.962M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vishay Intertechnology (NYSE:VSH) reported Q1 2024 earnings of $0.22 per share, surpassing the $0.21 estimate, and sales of $746.280M, exceeding the $735.962M forecast. However, these figures represent a significant decrease from the previous year, with earnings down 72.15% and sales down 14.32%.
May 08, 2024 | 11:17 am
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NEUTRAL IMPACT
Vishay Intertechnology reported higher-than-expected Q1 2024 earnings and sales, but with significant declines from the previous year.
While the earnings and sales beat may provide a short-term positive sentiment, the significant year-over-year decline in both earnings and sales could raise concerns about the company's growth trajectory and profitability, potentially offsetting the positive impact of the earnings beat.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100