Visteon Corp. Earnings: Everything You Must Know Now

Visteon Corp. (NYSE:VC) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Visteon Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 26% to $0.74 in the quarter versus EPS of $1.00 in the year-earlier quarter.

Revenue: Decreased 1.94% to $1.82 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Visteon Corp. reported adjusted EPS income of $0.74 per share. By that measure, the company missed the mean analyst estimate of $0.88. It beat the average revenue estimate of $1.72 billion.

Quoting Management: “We delivered a strong finish to a solid year that was highlighted by operational improvements, an impressive level of new business wins, and completion of the majority of the Halla-Visteon climate consolidation that has long been desired by our customers,” said Tim Leuliette, president and CEO. “Visteon is a stronger company than a year ago – with a global, low-cost manufacturing footprint; a solid cash position, a conservative debt profile; and a strong business backlog. We continue to drive down administrative costs, improve our operational structure and execute all facets of our strategy to maximize value for customers and shareholders.”

Key Stats (on next page)…