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Vishay Precision Group Posts Lower Q1 Profit

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5/8/2012 3:33 PM ET

Vishay Precision Group, Inc. (VPG: Quote) reported first-quarter net earnings attributable to VPG stockholders of $1.6 million or $0.12 per share, down from $3.3 million or $0.24 per share last year in the same period.

Net revenues for the quarter declined 6.2 percent to $55.8 million from $59.5 million a year ago.

Ziv Shoshani, CEO of the company, said, "We are seeing some stability in our end markets for the first quarter of 2012. We believe the anticipated business for the second quarter will result in overall revenues in the range of $54 million to $59 million."

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by RTT Staff Writer

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