Vishay Intertechnology Q3 Loss Narrows

(RTTNews) - Vishay Intertechnology, Inc. (VSH), a manufacturer of semiconductors and passive electronic components, Wednesday reported narrower loss for the third quarter compared to the same period last year.

Further, the company provided its outlook for the fourth quarter.

Quarterly loss narrowed to $7.87 million or $0.06 per share from $2 million or $0.01 per share of previous year.

Excluding items, earnings decreased to $5.78 million or $0.04 per share from $11.01 million or $0.08 per share of the last year.

Revenue increased to $790.64 million from $762.25 million of the prior year.

Looking forward to the next quarter, the company expects revenues in the range of $790 million with an increase or decrease of $20 million.

In pre-market activity, Vishay shares are trading at $16.30, up 1.24% on the New York Stock Exchange.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.