Visteon (VC) Misses Q3 EPS by 1c, Revenues Miss; Offers FY18 Revenue Outlook Below Consensus

Visteon (NASDAQ: VC) reported Q3 EPS of $1.12, $0.01 worse than the analyst estimate of $1.13. Revenue for the quarter came in at $681 million versus the consensus estimate of $730.24 million.

"The third quarter was very challenging, as vehicle production volumes were impacted in virtually every region," said Visteon President and CEO Sachin Lawande. "Our new business wins remain strong, driven by our new technologies and products that address emerging trends in the industry. Despite near-term headwinds, we remain confident about our long-term growth."

GUIDANCE:

Visteon sees FY2018 revenue of $2.95-3 billion, versus the consensus of $3.09 billion.

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

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