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Visteon Analysts Cut Their Forecasts After Weak Earnings
Visteon Corporation (NASDAQ:VC) reported weaker-than-expected earnings for its first quarter on Thursday.
Visteon posted adjusted earnings of $1.61 per share, missing market expectations of $1.68 per share. The company's quarterly sales came in at $933.000 million missing estimates of $977.869 million, according to data from Benzinga Pro.
"Our first quarter results highlight our continued progress on addressing the megatrends of digitalization and electrification that are rapidly changing ...