Visteon: 3Q Earnings Snapshot
VAN BUREN TOWNSHIP, Mich. (AP) _ Visteon Corp. (VC) on Thursday reported third-quarter earnings of $6 million.
The Van Buren Township, Michigan-based company said it had net income of 21 cents per share. Earnings, adjusted for restructuring costs, came to $1.36 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The auto parts supplier posted revenue of $747 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $711.4 million.
Visteon shares have fallen nearly 5% since the beginning of the year. The stock has fallen 13% in the last 12 months.
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