Visteon Corp. (VC) Thursday reported fourth-quarter profit of $60 million, compared to a loss of $6 million in the same period last year. Prior-year loss was driven by a one-time loss of $64 million, from discontinued operations.
Net income attributable to the company totaled $39 million or $0.74 per share, compared to a loss of $26 million or $0.51 per share last year.
On average, four analysts polled by Thomson Reuters expected the company to earn $0.88 per share for the quarter. Analysts' estimates typically exclude special items.
Sales improved to $1.82 billion from $1.73 billion last year. Analysts expected revenues of $1.72 billion.
Adjusted EBITDA was $196 million, compared with $154 million last year.
Looking ahead to the fiscal year 2013, the company has forecast revenues in a range of $7.3 billion to $7.5 billion. Analysts currently expect full-year revenues of $7.20 billion.
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