Visteon: Q1 Earnings Snapshot
By AP News
Published - Apr 25, 2024, 07:57 AM ET
Last Updated - May 27, 2024, 01:07 AM EDT
VAN BUREN TOWNSHIP, Mich. (AP) — VAN BUREN TOWNSHIP, Mich. (AP) — Visteon Corp. (VC) on Thursday reported first-quarter net income of $42 million.
On a per-share basis, the Van Buren Township, Michigan-based company said it had profit of $1.50. Earnings, adjusted for restructuring costs and non-recurring costs, came to $1.61 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.
The auto parts supplier posted revenue of $933 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $986 million.
