Vishay Precision Group, Inc. (VPG) posted a decrease in its fourth-quarter profits in comparison to last year, however, these figures exceeded market predictions.
The company's net profit stood at $4.23 million, or $0.31 per share, in contrast with last year's fourth-quarter figure of $8.83 million, or $0.65 per share.
When excluding certain elements, the company’s adjusted earnings for the period were reported as $8.24 million or $0.61 per share.
Operating under normal circumstances, market analysts had predicted that the company would earn $0.36 per share. These forecasts were calculated and compiled by Thomson Reuters and usually exclude any unique items.
The company's quarterly revenue dropped by 7.0% to $89.53 million, down from last year's $96.24 million.
Here is a brief overview of Vishay Precision Group Inc.'s earnings in a GAAP format:
- Earnings for Q4: $4.23 million, down from $8.83 million the previous year.
- EPS for Q4: $0.31, down from $0.65 the previous year.
- Analyst Forecast: $0.36
- Revenue for Q4: $89.53 million, down from $96.24 million the previous year.
Looking ahead, the company provided the EPS guidance for the next quarter as being between $80 and $90 million.
