Auto supplier Visteon's just dropped their revenue numbers for the first quarter — and happy of happy's, they've swung from the red to the black with a net income of $3 million ($0.02 per share). May not sound like much but remember, this is totally apples and oranges to their loss of $163 million ($1.30 per share) from the same time last year. Not only did they show a profit, they even beat analyst expectations for the quarter. Happy times are here again...for at least the moment.
Visteon Corp. moves to first quarter profit [Detroit News]
More on Visteon [internal]