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Versigent: Q3 Earnings Snapshot
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SCHAFFHAUSEN, Switzerland (AP) — SCHAFFHAUSEN, Switzerland (AP) — Versigent PLC (VGNT) on Wednesday reported third-quarter earnings of $102 million.

On a per-share basis, the Schaffhausen, Switzerland-based company said it had net income of $1.41. Earnings, adjusted for one-time gains and costs, came to $1.91 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.79 per share.

The supplier of automotive equipment posted revenue of $2.45 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $2.42 billion.

Versigent expects full-year revenue in the range of $9.5 billion to $9.6 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VGNT at https://www.zacks.com/ap/VGNT

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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