Vishay Intertechnology Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Vishay Intertechnology Inc. (VSH) revealed earnings for second quarter that dropped from the same period last year.

The company's bottom line came in at $44.48 million, or $0.31 per share. This compares with $103.10 million, or $0.65 per share, in last year's second quarter.

Excluding items, Vishay Intertechnology Inc. reported adjusted earnings of $51.98 million or $0.36 per share for the period.

Analysts had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 10.0% to $685.24 million from $761.03 million last year.

Vishay Intertechnology Inc. earnings at a glance:

-Earnings (Q2): $51.98 Mln. vs. $85.65 Mln. last year. -EPS (Q2): $0.36 vs. $0.54 last year. -Analysts Estimate: $0.35 -Revenue (Q2): $685.24 Mln vs. $761.03 Mln last year.

-Guidance: Next quarter revenue guidance: $600 to $640 Mln