Visteon: Q3 Earnings Snapshot
By AP News
Published - Oct 24, 2024, 07:04 AM ET
Last Updated - Dec 16, 2024, 06:02 PM EST
VAN BUREN TOWNSHIP, Mich. (AP) — VAN BUREN TOWNSHIP, Mich. (AP) — Visteon Corp. (VC) on Thursday reported third-quarter net income of $39 million.
On a per-share basis, the Van Buren Township, Michigan-based company said it had net income of $1.40. Earnings, adjusted for one-time gains and costs, were $2.26 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.
The auto parts supplier posted revenue of $980 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $993.2 million.
