VAN BUREN TOWNSHIP, Mich. (AP) — VAN BUREN TOWNSHIP, Mich. (AP) — Visteon Corp. (VC) on Thursday reported first-quarter profit of $65 million.
On a per-share basis, the Van Buren Township, Michigan-based company said it had net income of $2.36. Earnings, adjusted for non-recurring costs, came to $2.40 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The auto parts supplier posted revenue of $934 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $899.1 million.
