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Visteon: 4Q Earnings Snapshot

February 21, 2019

VAN BUREN TOWNSHIP, Mich. (AP) _ Visteon Corp. (VC) on Thursday reported fourth-quarter earnings of $43 million.

On a per-share basis, the Van Buren Township, Michigan-based company said it had profit of $1.49. Earnings, adjusted for one-time gains and costs, came to $1.52 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The auto parts supplier posted revenue of $731 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $718.1 million.

For the year, the company reported profit of $164 million, or $5.52 per share. Revenue was reported as $2.98 billion.

Visteon expects full-year revenue in the range of $2.9 billion to $3 billion.

Visteon shares have climbed 37 percent since the beginning of the year. The stock has declined 33 percent 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