Visteon Corporation (NASDAQ:VC) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.50 per share.
Looking ahead, the full year income are expected at $ 0.16 per share on the revenues of $ 2454.60 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 3,000.00 million ~ $ 3,100.00 million
Click Here For More Historical Outlooks Of Visteon Corporation
Previous Quarter Performance
Visteon Corporation recorded loss for the second quarter of $ 1.44 per share, from the revenue of $ 371.00 million. The quarterly revenues contracted 49.39 percent compared with the same quarter last year. Wall street analysts are predicting, VC to report 2Q20 loss of $ 2.12 per share from revenue of $ 403.39 million. The bottom line results beat street analysts by $ 0.68 or 32.08 percent, at the same time, top line results fell short of analysts by $ 32.39 million or 8.03 percent.
Stock Performance
Shares of Visteon Corporation traded low $ -4.02 or -4.65 percent on Wednesday, reaching $ 82.40 with volume of 299.70 thousand shares. Visteon Corporation has traded high as $ 84.76 and has cracked $ 82.30 on the downward trend
According to the previous trading day, closing price of $ 82.40, representing a 123.37 % increase from the 52 week low of $ 38.69 and a 11.38 % decrease over the 52 week high of $ 97.52.
The company has a market capital of $ 2.29 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
Visteon Corporation engineers, designs, and manufactures cockpit electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including standard analog gauge clusters to high-resolution, all-digital, fully reconfigurable, 2-D, and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities; and audio and infotainment systems that allows vehicle occupants to connect their mobile devices to the system and safely access phone functions, listen to music, stream media, and enable mobile connectivity applications. It also offers infotainment solutions, including Phoenix display audio and embedded infotainment platform; telematics control unit to enable secure connected car services, software updates, and data; SmartCore, an automotive-grade, integrated domain controller to enhance efficiency, and reduce power consumption and cost; and head-up displays (HUD), such as combiner HUD and windshield HUD that present critical information to the driver.
