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-0.000751653638003636 0.00210463018641018 0.00220485067147724 -0.00175385848867506 0.00110242533573862 -0.0144317498496692 -0.0228502705953097 -0.0269603126879134
Stock impact report

Visteon shares soar 13% after earnings blow past estimates [MarketWatch]

Visteon Corporation (VC) 
Last visteon corporation earnings: 4/30 06:55 am Check Earnings Report
US:NYSE Investor Relations: visteon.com/investors
Company Research Source: MarketWatch
Visteon shares soar 13% after earnings blow past estimates Visteon Corp. shares VC, +17.17% rallied 13% Thursday, after the maker of plane and car parts blew past estimates for the third quarter. Van Buren Township, Michigan-based Visteon said it had net income of $14 million, or 50 cents a share, in the quarter, down from $21 million, or 71 cents a share, in the year-earlier period. Sales came to $731 million, up from $681 million a year ago. The FactSet consensus was for EPS of 48 cents and sales of $703 million. "The increase of $50 million is primarily due to new product launches and the consolidation of a previously non-consolidated affiliate, partially offset by lower vehicle production volumes, customer pricing and unfavorable currency impacts," the company said in a statement. The company is now expecting full-year sales to range from $2.925 billion to $2.975 billion, ahead of the $2.911 billion FactSet consensus. On the company's earnings call with analysts, Chief Executiv Show less Read more
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