VAN BUREN TOWNSHIP, Mich. (AP) _ Visteon Corp. (VC) on Thursday reported first-quarter net income of $19 million.
The Van Buren Township, Michigan-based company said it had net income of 49 cents per share. Earnings, adjusted to account for discontinued operations and restructuring costs, were $1.22 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The auto parts supplier posted revenue of $802 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $825.5 million.
Visteon shares have dropped 30 percent since the beginning of the year. The stock has dropped 22 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VC at http://www.zacks.com/ap/VC
Keywords: Visteon, Earnings Report
Automated Insights, source Associated Press News