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February 28, 2013 11:00 AM, EST
Visteon Posts Fourth-Quarter Profit

Vehicle parts manufacturer Visteon Corp. posted a fourth-quarter profit, improving upon the loss it experienced during the same time in 2011.

The Van Buren, Mich., component manufacturer said Thursday it earned $39 million, or 74 cents a share, on quarterly revenue of $1.82 billion.

 

In the 2011 quarter, Visteon lost $26 million, or 51 cents a share, on revenue of $1.73 billion.

Visteon said its fourth-quarter sales were the strongest of the year. Annual net income rose from 2011, even though its revenue declined.