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Vishay Intertechnology Inc. Q1 adjusted earnings Beat Estimates

Vishay Intertechnology Inc. (VSH) announced earnings for first quarter that dropped from the same period last year.

The company's profit came in at $27.22 million, or $0.19 per share. This compares with $75.46 million, or $0.52 per share, in last year's first quarter.

Excluding items, Vishay Intertechnology Inc. reported adjusted earnings of $30.76 million or $0.21 per share for the period.

Analysts had expected the company to earn $0.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 17.8% to $612.84 million from $745.16 million last year.

Vishay Intertechnology Inc. earnings at a glance:

-Earnings (Q1): $30.76 Mln. vs. $74.58 Mln. last year.
-EPS (Q1): $0.21 vs. $0.51 last year.
-Analysts Estimate: $0.14
-Revenue (Q1): $612.84 Mln vs. $745.16 Mln last year.

Next quarter revenue guidance: $540 to $580 Mln

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