VAN BUREN TOWNSHIP, Mich. (AP) — VAN BUREN TOWNSHIP, Mich. (AP) — Visteon Corp. (VC) on Thursday reported second-quarter profit of $49 million.
On a per-share basis, the Van Buren Township, Michigan-based company said it had net income of $1.80. Earnings, adjusted for non-recurring costs, were $1.91 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.23 per share.
The auto parts supplier posted revenue of $960 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $956.9 million.
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