posted fourth-quarter earnings that exceeded analysts' estimates, but the company forecast lower-than-expected 2001 earnings amid decreasing shipments in the second quarter of the year.
The electronic components supplier, which is based in Malvern, Pa., said fourth-quarter earnings were $140.6 million, or $1.01 a share, compared with $36.5 million, or 28 cents a share, in the same period last year. Six analysts polled by
First Call/Thomson Financial
expected earnings of 97 cents a share for the quarter.
Quarterly sales rose to $643.6 million from about $468 million a year ago.
For 2001, the company sees earnings of $2.50 to $2.75 a share, barring a recession, a substantial drop in prices, or negative foreign exchange effects. Analysts expect full-year 2001 earnings of $3.05 a share.
Separately, the company's semiconductor unit
reported fourth-quarter earnings of $23.7 million, or 79 cents a share, down from $24.4 million, or 82 cents a share, in the same period last year. Sales for the quarter rose 1% to $111.6 million from $110.1 million a year ago.
Shares of Vishay were lately up 42 cents, or 2.2%, to $19.82 in trading on the
New York Stock Exchange
, while Siliconix was unchanged at $26.88 in