Visteon’s Q2 net income down 80% y/y to USD7 million
Expects full year 2019 sales in the range of USD2.9 billion to USD3 billion
Visteon’s net income dropped 80% year-over-year (y/y) to USD7 million in the second quarter ended 30 June 2019, the US-based supplier said in a press release on 25 July. The company also witnessed 3.3% y/y decline in sales during the quarter to USD733 million, mainly due to lower vehicle production volume, customer pricing and unfavorable currency translations.
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