UPDATE: Visteon Posts Drop In Q1 Revenue

Visteon Corp VC swung to a loss in the first quarter. Visteon posted a quarterly net loss attributable to the company of $29 million, or $0.56 per share, versus a year-ago profit of $39 million, or $0.75 per share. Its adjusted EBITDA fell to $150 million, versus $160 million, in the year-ago period. Its revenue dropped 7% to $1.71 billion. VC shares closed at $50.22 yesterday.