Visteon: 4Q Earnings Snapshot
VAN BUREN TOWNSHIP, Mich. (AP) _ Visteon Corp. (VC) on Thursday reported fourth-quarter earnings of $43 million.
On a per-share basis, the Van Buren Township, Michigan-based company said it had profit of $1.49. Earnings, adjusted for one-time gains and costs, came to $1.52 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The auto parts supplier posted revenue of $731 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $718.1 million.
For the year, the company reported profit of $164 million, or $5.52 per share. Revenue was reported as $2.98 billion.
Visteon expects full-year revenue in the range of $2.9 billion to $3 billion.
Visteon shares have climbed 37 percent since the beginning of the year. The stock has declined 33 percent in the last 12 months.