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Visteon Slips To Loss In Q1 - Quick Facts

Visteon Corp. (VC) reported net loss attributable to the company of $29 million or $0.56 per share for the first quarter versus net income of $39 million or $0.75 per share last year.

Loss from continuing operations for the quarter was $14 million or $0.62 per share compared to income from continuing operations of $52 million or $0.67 per share a year ago.

Quarterly sales fell year-over-year to $1.72 billion from $1.85 billion.

Analysts polled by Thomson Reuters expected the company to earn $0.65 per share on revenues of $1.80 billion for the quarter. Analysts' estimates typically exclude special items.

Going ahead, the company currently expects full-year 2012 product sales in the range of $6.6 billion to $7.0 billion and adjusted EBITDA in the range of $620 million to $660 million.

Analysts anticipate revenues of $7.33 billion for the year.

by RTT Staff Writer

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