Visteon (VC) Tops Q1 EPS by 26c

Visteon (NYSE: VC) reported Q1 EPS of $1.22, $0.26 better than the analyst estimate of $0.96. Revenue for the quarter came in at $802 million versus the consensus estimate of $819.71 million.

"Our strong financial results reflect the increasing desire of vehicle manufacturers to include our cockpit electronics technology in their vehicles, as well as solid cost performance across our global operations," said Sachin Lawande, president and CEO. "We made progress aligning our engineering organization with our customers' needs regionally and globally, while bringing more strategic focus to our research and development investment. We continue to leverage our position as the only Tier 1 automotive supplier exclusively focused on the rapidly growing automotive cockpit electronics segment."

For earnings history and earnings-related data on Visteon (VC) click here.

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