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February 25, 2016 – 8:32 am ET
DETROIT (Reuters) — Visteon Corp. swung back to profitability while posting a 2.7 percent rise in fourth-quarter revenue, handily beating analysts’ profit expectations.
The auto parts supplier said net income during the period was $21 million, or 52 cents per share, compared with a loss of $138 million, or $3.12 per share, in the same quarter of 2014.
Excluding special items, Visteon earned $1.18 per share, widely beating the $0.79 per share estimate of analysts…
Visteon swings to Q4 profit on 2.7% revenue gain
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