Visteon Q3 Profit From Cont. Ops. Decreases - Quick Facts

(RTTNews) - Visteon Corporation (VC) reported third-quarter net income from continuing operations of $30 million or $0.18 per share, compared to $62 million or $0.89 per share, prior year. Adjusted earnings per share was $0.26, for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.65 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $1.97 billion from $1.48 billion last year. Analysts expected revenue of $1.91 billion for the quarter.

Visteon affirmed its full-year 2014 guidance. The company projects 2014 sales of $7.6 billion, and adjusted earnings per share in the range of $2.98 to $3.62. Analysts expect the company to report full year earnings per share of $3.37 on revenue of $7.60 billion.