Visteon (VC) Tops Q2 EPS by 9c

Visteon (NYSE: VC) reported Q2 EPS of $0.76, $0.09 better than the analyst estimate of $0.67. Revenue for the quarter came in at $773 million versus the consensus estimate of $821.94 million.

Second-quarter 2016 net income included a loss of $9 million related to discontinued operations and $7 million of restructuring, transformation integration and related costs. Adjusted net income, which excludes these costs, was $42 million, or $1.22 per diluted share.

Reaffirmed 2016 full-year adjusted EBITDA and adjusted free cash flow guidance; established sales guidance range of $3.1 billion-$3.2 billion

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

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