Yahoo Finance Vishay Precision Group Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Vishay Precision Group (NYSE:VPG) Second Quarter 2024 Results
Key Financial Results
Revenue: US$77.4m (down 15% from 2Q 2023).
Net income: US$4.60m (down 44% from 2Q 2023).
Profit margin: 6.0% (down from 9.1% in 2Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.34 (down from US$0.61 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Vishay Precision Group EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 7.9%.
Looking ahead, revenue is expected to decline by 2.3% p.a. on average during the next 2 years, while revenues in the Electronic industry in the US are expected to grow by 7.3%.
Performance of the American Electronic industry.
The company's shares are down 21% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Vishay Precision Group (1 makes us a bit uncomfortable!) that you need to be mindful of.
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