FONT-SIZE Plus   Neg

Vishay Precision Group Posts Lower Q1 Profit

Vishay Precision Group, Inc. (VPG) 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."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Pilot of an American Airline died as he was flying the Airbus A320 from Phoenix to Boston. The co-pilot managed the situation and made an emergency landing at Syracuse Hancock International airport on Monday. The Flight was carrying 147 passengers and five crew members. Popular social media company Twitter Inc. Monday confirmed that co-founder and one of the largest shareholders Jack Dorsey will be permanent chief executive officer. Xbox Live users are aggravated about repeated outages that have prevented gamers from accessing online multiplayer features.
comments powered by Disqus
Trade VPG now with 
Follow RTT