Visteon Corp. Q2 Profit Decreases - Quick Facts

(RTTNews) - Visteon Corp. (VC), an automotive supplier, Thursday reported a second qaurter net income attributable to the company of $65 million or $1.29 per share, down from $75 million or $1.40 per share during the same quarter last year.

For the three-month period, the company reported adjusted earnings per share of $1.41 per share, up from $0.60 per share during the corresponding quarter last year.

On average, three analysts polled by Thomson Reuters expected the company to report earnings of $1.06 per share. Analysts' estimates typically exclude special item

Visteon reported sales of $1.8 billion, up from prior year's $1.6 billion. Analysts expected the company to report revenues of $1.88 billion for the quarter.

Seeing positive performance and generally favorable business conditions in key markets, the company raised its guidance in most of the financial metrics. The company expects sales from $7.3 billion to $7.5 billion and adjusted EBITDA in the range of $660 million to $690 million.