Visteon Q2 Adj $2.54 Beats $1.97 Estimate, Sales $1.01B Miss $1.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
Visteon (NASDAQ:VC) reported Q2 earnings of $2.54 per share, beating the analyst estimate of $1.97 by 28.93%. However, sales of $1.01 billion missed the $1.02 billion estimate by 0.59%. Earnings increased by 115.25% year-over-year, while sales grew by 3.15%.
July 25, 2024 | 10:57 am
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Visteon reported strong Q2 earnings of $2.54 per share, significantly beating the $1.97 estimate. However, sales of $1.01 billion slightly missed the $1.02 billion estimate. The earnings represent a 115.25% increase year-over-year, while sales grew by 3.15%.
The significant beat on earnings per share (EPS) is likely to have a positive impact on Visteon's stock price in the short term. The slight miss on sales is less critical given the strong earnings performance and substantial year-over-year growth in both earnings and sales.
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