Pivotal-Point Tracking Vishay Intertechnology (VSH): Semiconductor Specialist Jumps After Q1 Revenue Increase of 17% and Accelerates Capacity Expansion with "Vishay 3.0"
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Vishay is one of the world's largest manufacturers of discrete semiconductors and passive electronic components. On May 13, the company exceeded expectations with a Q1 revenue of $839.2 million (+17.3% year-over-year). Earnings per share returned to positive territory at $0.05. A strong book-to-bill ratio of 1.34 drove the backlog to 5.7 months. The growth strategy "Vishay 3.0" is taking effect, which is why management forecasts higher revenue for the next quarter between $875 and $905 million as well as an increasing gross margin of 22.0%. The...
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