logo
Share SHARE
FONT-SIZE Plus   Neg

Visteon Slips To Loss In Q1 - Quick Facts

Visteon Corp. (VC: Quote) 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

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Internet giant Google Inc. (GOOGL, GOOG) has launched a new online flight search tool that makes it easy to find out the best flight deal. The tool dubbed "Google Flights" provides a calendar that one can scroll through and see the lowest fare highlighted for each day. One can also use the lowest... Hyperloop Transportation Technologies, a start-up that has adopted Elon Musk's ambitious project of high-speed transportation system, plans to build a Hyperloop test track in California and completed as early as 2016. Hyperloop Test Technologies, a crowd-funded company, plans to take Musk's dream... Colors have set the social media afire after an otherwise innocuous photo of a bodycon dress kept users guessing as to what hues permeate it. Opinions are divided, with some seeing the dress as white and gold, and others as blue and black. The photo was posted on Tumblr by a user called Swiked.
comments powered by Disqus
Follow RTT