Visteon Q4 Profit Exceeds Analysts' Forecasts

Newswire

Feb 25 (Reuters) - Visteon Corp, the auto parts maker, on Tuesday posted a stronger-than-expected quarterly profit and reaffirmed its 2014 financial projections. Net income surged to $513 million, or $10.32 a share, in the fourth quarter, compared with $39 million, or 74 cents a share, in the year earlier period. The most recent period included $465 million in gains related to the sale of the company's stake in a Chinese joint venture. Excluding the gain from the divestiture and one-time ...

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