Semiconductor-maker Vishay Intertechnology (VSH) boosted fourth-quarter revenue guidance, Monday.
The company announced it now expects revenue to range between $580 and $600 million in the fourth-quarter of 2009. The company had previously forecast on Oct. 27, that revenue would be between $530 million to $570 million in the fourth quarter.
The company credited the higher than anticipated revenue to unexpected demand for discrete semiconductors as well as passive electronic components.
Shares of Vishay rose $1.03 or 13.66% in Monday’s session to close at $8.57 a share.
3Q income up for Dollar GeneralNational Semiconductor Corp. Beats Expectations
