09:25 AM EDT, 07/25/2024 (MT Newswires) -- Visteon ( VC ) reported Q2 adjusted earnings Thursday of $2.54 per share, up from $1.18 a year earlier.

Analysts polled by Capital IQ expected $1.96.

Net sales for the quarter ended June 30 were $1.01 billion, up from $983 million a year earlier.

Analysts surveyed by Capital IQ expected $1.01 billion.

The company trimmed its 2024 sales guidance to a range of $3.85 billion to $3.95 billion from $4.0 billion to $4.2 billion previously due to lower customer vehicle production in H2. Analysts polled by Capital IQ expect $4.04 billion.

Visteon ( VC ) shares were 2.5% higher in recent premarket activity.

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