Vishay Intertechnology (NYSE: VSH) saw its stock price plummet by 5.02% in intraday trading on Thursday, following the release of the company's disappointing fourth-quarter and full-year 2024 financial results.
The semiconductor manufacturer reported a net loss of $31.2 million for the full year 2024, a stark contrast from the $323.8 million profit it recorded in 2023. Vishay Intertechnology's revenue for the year declined by 14% to $2.94 billion, missing analyst expectations.
In the fourth quarter specifically, the company's earnings per share (EPS) missed the Zacks Consensus Estimate, while its revenue of $714.72 million fell short of expectations and declined by 9% year-over-year. The lackluster performance was attributed to softness across all of Vishay Intertechnology's business segments, including MOSFET, Diodes, Optoelectronics, Resistors, and Inductors.
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