VC Stock Recent News

The final trades of the day with the Fast Money traders.

As the United States economy begins to pivot into what could be considered a 'hard landing,' the wealth gaps and distribution begin to upset specific members of the economy.

VC's recent performance has shown enhancements in customer mix and strategic efforts to combat the semiconductor chip shortage. The company reported lower-than-expected earnings due to a product recall charge, but revenue increased by 18%. Visteon has secured new business contracts, particularly in its electrification business, and has the potential for further revenue growth and margin expansion.

Visteon Corporation (NASDAQ:VC ) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Ryan Wentling - Vice President of Investor Relations and Treasurer Sachin Lawande - President and Chief Executive Officer Jerome Rouquet - Senior Vice President and Chief Financial Officer Conference Call Participants Gautam Narayan - RBC Capital Markets James Picariello - BNP Paribas Ronald Jewsikow - Guggenheim Securities Mark Delaney - Goldman Sachs Shreyas Patil - Wolfe Research Dan Levy - Barclays Luke Junk - Baird Emmanuel Rosner - Deutsche Bank Ryan Wentling Good morning. I am Ryan Wentling, Vice President of Investor Relations and Treasurer.

Visteon (VC) came out with quarterly earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.58 per share. This compares to earnings of $1.34 per share a year ago.

Visteon Corporation (VC) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, VC's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

VAN BUREN TOWNSHIP, Mich., July 18, 2023 (GLOBE NEWSWIRE) -- Visteon Corporation (Nasdaq: VC), a global technology company serving the mobility industry, will release its second-quarter 2023 financial results before the market opens on Thursday, Aug. 3. The company will host a conference call for the investment community at 9 a.m. ET to discuss the results and related matters. The conference call is also available to the public via a live audio webcast.

VC is making progress towards its FY26 goals by constantly winning deals across different OEMs and products. VC's successful work with OEMs creates opportunities for further penetration into their portfolios.

Visteon (VC) came out with quarterly earnings of $1.25 per share, missing the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.09 per share a year ago.

Barron's thinks Apple can get into the car business in a smart way by buying Visteon. If the iPhone maker doesn't, someone else might.