Visteon Corp. (VC) Misses Q1 on Top and Bottom, Reaffirms FY Outlook

Visteon Corp. (NYSE: VC) reported Q1 EPS of $0.38, which may not compare to the analyst estimate of $0.67. Revenue for the quarter came in at $1.98 billion versus the consensus estimate of $1.99 billion.

Visteon Corp. reaffirmed FY2014 EPS of $2.21-$3.09, which is below consensus of $3.24. Visteon Corp. sees FY2014 revenue of $7.8 billion.

"We delivered solid financial results in the first quarter while announcing or completing key transactions in support of our value creation plan," said Tim Leuliette, president and CEO. "The new Visteon is well-positioned to address changing market dynamics and regulatory trends, and to continue delivering value to customers and shareholders through our focus on vehicle thermal management and cockpit electronic ecosystems."

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

You May Also Be Interested In

• Nvidia pitches Vera CPU to Chinese clients with August delivery target
• Cooper Companies (COO) Reiterated at Buy by Stifel After Earnings Call
• Restoration Hardware (RH) PT Raised to $130 at Stifel After Q1 Earnings