Visteon Bankruptcy: Visteon Reports Mixed Q4 Results, Issues 2011 Guidance. Visteon Corporation (NYSE:VC) reported Q4 EPS of .66, above consensus estimates of .29 per share. Revenues for the quarter were down 4.2% year-over-year to .89 billion, below consensus estimates of .95 billion. Visteon expects 2011 product sales in the range of .3 billion to .5 billion, in-line with consensus estimates of .4 billion. Donald J. Stebbins, chairman, chief executive officer and president said, “Our full-year financial results significantly improved from last year, reflecting our ongoing operational actions, benefits from our restructuring initiatives and an upswing in global vehicle production volumes, We capitalized on sales growth in China and other emerging markets through our extensive manufacturing and engineering presence in these key regions.” Visteon completed its reorganization and emerged from Chapter 11 bankruptcy on October 1, 2010, having voluntarily declared on May 28, 2009. Visteon Corp is trading down 11% at .65 per share.
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