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Shares of Visteon Corp. (NYSE: VC) are slipping in morning trading after the company posted a larger fourth-quarter loss and announced it would continue its restructuring plan.

The auto parts supplier reported a wider fourth-quarter loss of $43 million, hurt by restructuring costs and write-downs. Included in the company's loss was $30 million related to non-cash asset impairments and $32 million related to restructuring expenses.

However, the company's loss per share of 33 cents managed to beat analysts' estimates for a much larger quarterly loss of 55 cents per share. Visteon's revenue also saw a small increase of only 2% $2.86 billion from $2.81 billion in the same period of last year.

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Visteon (VC) posts wider loss on restructuring costs originally appeared on BloggingStocks on Thu, 14 Feb 2008 11:36:00 EST. Please see our terms for use of feeds.

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