FONT-SIZE Plus   Neg

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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Flying is the passion for British aviatrix Tracey Curtis Taylor, and she is now on a solo flight to cross three continents and 23 countries in her own vintage open cockpit biplane. She has already crossed half of her journey from U.K. to Australia with a target to cover 13 thousand miles. Sony Computer Entertainment Inc. Wednesday revealed that its popular PlayStation4 computer entertainment system has achieved total sales of more than 30.2 million units worldwide in a period of two years. The PS4 system is currently available in 124 countries. Cement giant LafargeHolcim (HCMLY.PK, HCMLF.PK), formed by the combination of French Lafarge and Swiss peer Holcim, Wednesday said its sales declined for the third quarter as well as nine months.
comments powered by Disqus
Follow RTT