Stifel Downgrades Vishay Intertechnology (VSH) to Hold

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Go back to Stifel Downgrades Vishay Intertechnology (VSH) to Hold

Vishay Reports Results for Third Quarter 2016

November 7, 2016 7:30 AM EST

Revenues for Q3 2016 of $592 millionOperating Margin Q3 of 9.7%Adjusted Operating Margin Q3 of 10.1%EPS Q3 of $0.24Adjusted EPS Q3 of $0.25Cash from operations for trailing twelve months Q3 of $304 million and capital expenditures of $142 millionRepurchased 0.8 million shares in Q3Extension of MOSFETs restructuring program: additional cash cost of $4 to $8 million, additional annual savings of $7 to $10 million, finalized by end of 2017Guidance for Q4 2016 for revenues of $560 - $600 million and gross margins of 24% - 25%

MALVERN, Pa., Nov. 07, 2016 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE:... More