Visteon: Q4 Earnings Snapshot

Associated Press Finance
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VAN BUREN TOWNSHIP, Mich. (AP) — VAN BUREN TOWNSHIP, Mich. (AP) — Visteon Corp. (VC) on Tuesday reported fourth-quarter net income of $366 million.

On a per-share basis, the Van Buren Township, Michigan-based company said it had profit of $12.98. Earnings, adjusted for one-time gains and costs, were $13.01 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.02 per share.

The auto parts supplier posted revenue of $990 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.06 billion.

For the year, the company reported profit of $486 million, or $17.05 per share. Revenue was reported as $3.95 billion.

Visteon expects full-year revenue in the range of $4 billion to $4.2 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 VC at https://www.zacks.com/ap/VC

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