Vishay (VSH) Up 12.4% Since Last Earnings Report: Can It Continue?
A month has gone by since the last earnings report for Vishay Intertechnology (VSH). Shares have added about 12.4% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Vishay due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Vishay's Q1 Earnings & Revenues Up Y/Y
Vishay Intertechnology delivered first-quarter 2023 adjusted earnings of 79 cents per share, surpassing the Zacks Consensus Estimate by 38.6% and rising 11.3% year over year.
Revenues of $871.05 million increased 2% year over year. The figure surpassed the Zacks Consensus Estimate of $848.05 million.
The strong performance of MOSFETS, resistor and capacitor product lines drove year-over-year revenue growth in the reported quarter.
However, softness in diodes, optoelectronics and inductors was a concern.