Visteon Q3 Adj $2.26 Beats $1.84 Estimate, Sales $980.00M Beat $968.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Visteon (NASDAQ:VC) reported Q3 earnings of $2.26 per share, surpassing the $1.84 estimate, despite a year-over-year decrease. Sales were $980M, also beating estimates but down from last year.
October 24, 2024 | 11:11 am
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Visteon reported Q3 earnings of $2.26 per share, beating the $1.84 estimate, and sales of $980M, surpassing the $968.29M estimate. Despite these beats, both earnings and sales decreased compared to last year.
Visteon's Q3 earnings and sales both exceeded analyst expectations, which is typically positive for stock prices. However, the year-over-year decline in both metrics may temper investor enthusiasm. Overall, the earnings beat is likely to have a positive short-term impact on the stock price.
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