Visteon Corp. announces first-quarter loss of $35 million on April 30

Visteon Corp. (VC) on April 30 reported a first-quarter loss of $35 million, after reporting a profit in the same period a year earlier.
The company, based in Van Buren Township, said it had a loss of $1.25 per share. Losses, adjusted for restructuring costs, came to 32 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.
The auto parts supplier posted revenue of $643 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $607.8 million.
Visteon shares have decreased 31% since the beginning of the year. The stock has decreased 9% in the last 12 months.