Movement Alert｜Vishay Intertechnology Pre-Market Rise 11.28%, third-quarter revenue and profit surged after results release

Market Focus11-04

On November 4, Vishay Intertechnology rose 11.28% in Pre-Market Trading, trading at $30.46/share, with turnover of $290.5 thousand.

The move followed the company’s third-quarter results released before the market opened the same day. Reported revenue was $1.728 billion, up 16.94% year over year, while net income attributable to shareholders reached $35.288 million, up 1790.04%. Diluted EPS was $0.25 and reported EPS was $0.26.

Earlier analyst support also provided background context: Oppenheimer raised its price target to $45 from $42 on October 8 while maintaining an Outperform rating, after having initiated coverage at Outperform in September. Vishay Intertechnology had announced on October 7 that it would report third-quarter results on November 4.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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