Auto parts maker Visteon Corp reported an 11 percent rise in quarterly revenue and raised its full-year profit forecast as higher vehicle production boosts sales of air conditioning and electronics products.The company, however, posted a loss for the second quarter ended June 30 due to charges related to the sale of most of its interiors business, which accounted for about 17 percent of annual revenue in 2013.The company raised its full-year earnings forecast to $2.98-$3.62 per share from $2.21-$3.09.Revenue in the climate control business rose 6.6 percent to $1.33 billion in the second quarter, accounting for three-quarters of total revenue.
Visteon Corporation (Visteon) is a global supplier of climate, electronics and interiors systems, modules and components to automotive original equipment manufacturers (OEM), including BMW, Chrysler, Daimler, Ford, General Motors, Honda, Hyundai, Kia, Nissan, PSA Peugeot Citroen, Renault, Toyota and Volkswagen. Shares of VC fell by 1.59% or $-1.57/share to $97.24. In the past year, the shares have traded as low as $64.42 and as high as $100.79. On average, 489338 shares of VC exchange hands on a given day and today's volume is recorded at 691079.
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