Visteon Q4 Adj. EPS $1.91 Misses $2.09 Estimate, Sales $990.00M Miss $1.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Visteon (NASDAQ:VC) reported Q4 adjusted EPS of $1.91, missing the $2.09 estimate, and sales of $990M, below the $1.05B estimate. This represents a 44.7% increase in EPS and a 6.95% decrease in sales from the same period last year.
February 20, 2024 | 12:02 pm
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Visteon reported a Q4 adjusted EPS of $1.91, missing estimates by 8.61%, and sales of $990M, missing estimates by 5.67%. Year-over-year, EPS increased by 44.7% while sales decreased by 6.95%.
Missing both EPS and sales estimates likely indicates operational challenges or market conditions affecting Visteon's performance. The significant increase in EPS YoY might cushion the impact slightly, but the miss on both key financial metrics generally leads to negative short-term market reactions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100