Visteon: Q2 Earnings Snapshot

Associated Press Finance
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VAN BUREN TOWNSHIP, Mich. (AP) — VAN BUREN TOWNSHIP, Mich. (AP) — Visteon Corp. (VC) on Thursday reported second-quarter profit of $20 million.

On a per-share basis, the Van Buren Township, Michigan-based company said it had net income of 70 cents. Earnings, adjusted for non-recurring costs, were $1.18 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.

The auto parts supplier posted revenue of $983 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $997.2 million.

Visteon expects full-year revenue in the range of $3.95 billion to $4.15 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VC at https://www.zacks.com/ap/VC

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