logo
Plus   Neg
Share
Email

Vishay Intertechnology Guides Q3 Revenues Above Estimates - Quick Facts

While reporting financial results for the second quarter on Tuesday, semiconductor maker Vishay Intertechnology, Inc. (VSH) provided revenue guidance for the third quarter of fiscal 2020, above estimates, as recovering sales to automotive customers will compensate expected lower sales to Vishay's distribution partners.

For the third quarter, the company expects revenues in a range of $580 million to $620 million and gross margins of 22.8 percent plus/minus 70 basis points.

On average, analysts polled by Thomson Reuters expect the company to report revenues of $578.29 million for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration (FDA) has gone ahead with the approval of antiviral drug remdesivir as first treatment for COVID-19, notwithstanding last week's findings by the World Health Organization (WHO) that the drug is not effective for COVID-19 treatment. Thursday, Gilead Sciences announced that the FDA approved remdesivir, sold under the brand name Veklury. Integrated payments firm American Express Co. (AXP) reported Friday that net income for the third quarter declined to $1.1 billion or $1.30 per share from $1.8 billion or $2.08 per share in the prior-year quarter. Consolidated total revenues, net of interest expense, also decreased 20 percent to $8.8... The Federal Trade Commission or FTC has launched a new fraud reporting platform, using which, consumers can easily report fraud and all other consumer issues directly to the regulator. In a statement, the FTC said its new website, ReportFraud.ftc.gov, will provide a streamlined and user-friendly way to submit reports about scams, frauds, and bad business practices.
RELATED NEWS
Follow RTT