USA: Visteon Corporation Announces Reduction in Third Quarter Earnings Estimates
Visteon Corporation (NYSE: VC) has reported that the recently announced Ford production cuts will have an adverse impact on the company's estimated earnings for the third quarter. The company estimated that the third quarter changes in Ford's truck production will affect its third quarter earnings by approximately 12 to 14 cents per share. However, Visteon believes that the company could recover some of the lost revenue later in the year as Ford evaluates actions to make up for lost production.
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