Visteon raises forecast as costs fall
Nov 7 (Reuters) - Auto parts maker Visteon Corp raised its earnings forecast for 2013 after its third-quarter profit nearly tripled due to cost cuts and higher sales of climate control systems.
The company, which also makes in-vehicle entertainment and driver information systems, raised its full-year forecast for adjusted EBITDA to $680 million-$700 million from $660 million-$690 million.
Net income attributable to the company rose to $43 million, or 85 cents per share, in the quarter ended Sept. 30, from $15 million, or 28 cents per share, a year earlier.
- Malaysia Airlines denies crash report, says plane still missing |
- UPDATE 4-Malaysia Airlines plane crashes in South China Sea with 239 people aboard - report
- China draws red line' on North Korea, says won't allow war on peninsula
- No signal picked up from missing Malaysia Airlines plane-Vietnam official
- Malaysian plane crashed off Vietnam coast: state media