logo
Share SHARE
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
Lab equipment maker Thermo Fisher Scientific Inc. has agreed to acquire electron microscope maker FEI Co. for about $4.2 billion in cash, the two companies said Friday. Thermo Fisher noted that FEI's electron microscopy platform will complement its own mass spectrometry systems to accelerate advancements in structural biology. While reporting a wider loss for the first quarter, Sears Holdings Corp. said it has decided to "aggressively evaluate" all potential alternatives for its top brands - Kenmore, Craftsman and DieHard or KCD, and the Sears Home Services or SHS businesses. Sears has retained Citigroup Global Markets and LionTree Advisors to assist in its efforts. Philips Lighting, the splinter group of Dutch consumer electronics giant Philips, saw its shares rally around 8.50 percent on its debut on Friday at the Amsterdam stock exchange. The shares are currently at 21.70 euros, above its set pricing of 20 euros per share.
comments powered by Disqus
Follow RTT