UPDATE: Visteon Posts Upbeat Q4 Earnings

Visteon

reported upbeat fourth-quarter earnings. Visteon's quarterly net income rose to $513 million, or $10.32 per share, from a year-ago profit of $39 million, or $0.74 per share. Excluding one-time items, it earned $1.93 per share, versus analysts' estimates of $1.45 per share. Its sales climbed 7.4% to $1.96 billion, versus estimates of $1.93 billion. Visteon shares closed at $85.61 yesterday.