Visteon Turns To Profit In Q2 - Quick Facts

(RTTNews) - Visteon Corp. (VC) reported second-quarter net income attributable to the company of $2.21 billion or $49.73 per share, compared to net loss of $155 million or $3.35 per share in the prior-year quarter.

The latest quarter's results include a significant gain related to the sale of Visteon's interest in Halla Visteon Climate Control Corp. or HVCC.

Adjusted earnings for the quarter were $0.38 per share, compared to $0.28 per share in the comparable quarter last quarter.

On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter increased to $812 million from $503 million in the same period last year. Analysts expected revenue of $747.90 million for the quarter.

Visteon reaffirmed its full-year 2015 guidance for key financial metrics. The company projects 2015 sales for the Electronics Product Group of $3.0 billion and adjusted EBITDA for the Electronics Product Group and corporate costs in a range of $245 million to $265 million.