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
President Donald Trump has continued his assault on one of his favorite targets on Wednesday, lashing out at major media outlets in a series of posts on Twitter. Trump singled out the New York Times and the Washington Post in his tweets, describing the newspapers as "fake news." Christoph, born on-board a Spirit flight destined to Dallas from Fort Lauderdale airport, can celebrate all his forthcoming birthdays in life with a free travel on Spirit airline. Blue Apron Holdings Inc. has cut the expected price range for its initial public offering amid worries about the potential impact on the food retail sector of Amazon.com Inc.'s recent deal to buy grocery chain Whole Foods Market Inc. for $13.7 billion.
comments powered by Disqus
Follow RTT