Visteon shares soar 13% after earnings blow past estimates [MarketWatch]
Visteon Corporation (VC)
Last visteon corporation earnings: 4/30 06:55 am
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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
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News
- Is There An Opportunity With Visteon Corporation's (NASDAQ:VC) 26% Undervaluation? [Yahoo! Finance]Yahoo! Finance
- Visteon Co. (NASDAQ: VC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Visteon Co. (NASDAQ: VC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Visteon Co. (NASDAQ: VC) had its price target lowered by analysts at Royal Bank of Canada from $129.00 to $124.00. They now have an "outperform" rating on the stock.MarketBeat
- Visteon Corporation (VC) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
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- 10/24/24 - Miss
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