Visteon Announces 2018 Financial Results
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Visteon (VC) Tops Q4 EPS by 49c, Revenues Beat; Offers FY19 Revenue Mid-Point Guidance Above Consensus
February 21, 2019 6:58 AM ESTVisteon (NASDAQ: VC) reported Q4 EPS of $1.52, $0.49 better than the analyst estimate of $1.03. Revenue for the quarter came in at $731 million versus the consensus estimate of $717.58 million.
Fourth Quarter in Review
Sales totaled $731 million and $797 million during the fourth quarters of 2018 and 2017, respectively. The year-over-year decrease was primarily related to unfavorable vehicle production volumes, customer pricing net of design changes, and unfavorable currency impacts. On a regional basis, in the fourth quarter of 2018 Europe accounted for 29 percent of sales; China Domestic 16... More
