Vishay Precision Group reported Q1 earnings exceeding analyst estimates at $0.61 EPS, $89.53M revenue, and updated guidance for Q1 2024 EPS.

Vishay Precision Group (VPG) reported stronger-than-anticipated quarterly earnings, with EPS of $0.61, surpassing the $0.36 consensus estimate by analysts. The company's revenue reached $89.53 million, exceeding the predicted $79.69 million. VPG updated its Q1 2024 guidance to EPS and experienced a decrease in stock price during midday trading on Friday, reaching $35.55. The company, which operates in the specialized sensors, weighing solutions, and measurement systems market, is majority owned by hedge funds and other institutional investors. Analyst firms, including StockNews.com and TheStreet, have published reports on VPG with ratings ranging from "buy" to "c+".

February 16, 2024
4 Articles