VAN BUREN TOWNSHIP, Mich. (AP) — VAN BUREN TOWNSHIP, Mich. (AP) — Visteon Corp. (VC) on Tuesday reported fourth-quarter profit of $122 million.
The Van Buren Township, Michigan-based company said it had profit of $4.37 per share. Earnings, adjusted for one-time gains and costs, were $4.44 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.
The auto parts supplier posted revenue of $939 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $958.6 million.
For the year, the company reported profit of $274 million, or $9.82 per share. Revenue was reported as $3.87 billion.
Visteon expects full-year revenue in the range of $3.65 billion to $3.85 billion.
