Before Friday’s opening bell, Visteon Corporation (VC) reported a wider quarterly net loss, hurt by restructuring charges and lower revenue from its largest customer, Ford Motor Co. The Dearborn, Michigan-based world’s top auto-parts supplier posted a net loss of $863 million, or $6.87 per share, for its fiscal 2003 fourth quarter, compared with a loss of $34 million, or 27 cents per share, in the same period a year earlier. Excluding the charges, fourth-quarter loss was 85 cents a share. On that basis, analysts were looking for a loss of 61 cents a share. For the quarter ended December 31, Visteon said revenue eased 1.8% to $4.46 billion from $4.54 billion, last year. Revenue at Ford and affiliates slid 7.6%. For the full year, Visteon announced a net loss of $1.21 billion, or $ 9.65 a share, in contrast to a net loss of $352 million, or $2.75 a share, in fiscal 2002. Revenue slipped 4% to $17.66 billion from $18.4 billion, a year ago.

For the first quarter, Visteon expects net earnings of 5 cents to 15 cents a share, on revenue of $4.8 billion to $4.9 billion.

Visteon shares plummeted 10.69% to $11.03 at market close Friday. The stock recovered 24 cents to $11.27 in after-hours trading.

Weyerhaeuser Company (WY) said Friday that its quarterly earnings tumbled, hurt by charges and a weak performance at its paper-making unit. The Federal Way, Washington-based forest products company reported a net profit of $92 million, or 41 cents a share, for its fourth quarter, down from $126 million, or 57 cents a share, in the 2002 corresponding period. Excluding items, Weyerhaeuser said it earned 47 cents a share in the quarter, below the average analysts’ estimate for a profit of 52 cents a share.

Weyerhaeuser shares dropped $3.33 on Friday to $63.26.

Schlumberger Limited (SLB), the New York-based oil field services company, reported Friday that it swung to a quarterly profit from a year-ago loss, when results were weighed down by impairment charges and costs of job cuts. The company announced fourth-quarter net earnings of $177 million, or 30 cents a share, reversing a prior-year net loss of $2.86 billion, or $4.92 a share. Total revenue climbed 11% to $3.74 billion from $3.38 billion, in fiscal 2002 fourth quarter.

The stock rose 7.54% to close Friday at $59.77. Company shares inched up 7 cents to $59.84 in after-market trade.

Northwest Airlines Corporation (NWAC) posted Friday a net profit of $370 million, or $4.18 a share, for its fiscal 2003 fourth quarter, rebounding from a loss of $488 million, or $5.68 a share, in the year-earlier period. The U.S. No.4 airline said revenue was up 2.9% to $2.41 billion from $2.34 billion, last year. The Eagan, Minnesota-based company said asset sales and other one-time gains bolstered the results.

Company shares shed 63 cents on Friday to $13.36.

Fortune Brands, Inc. (FO) of Lincolnshire, Illinois, reported Friday a 19% increase in its quarterly earnings, boosted by strong demand for its products. The consumer brands company posted fourth-quarter net income of $156.4 million, or $1.03 a share, in contrast to $131.4 million, or 86 cents a share, generated a year ago. Excluding items, earnings came in at $1.07 a share, up from 91 cents a share last year, and ahead of the mean estimate of analysts for a profit of $1.03 a share.

The stock closed Friday up $1.04, or 1.51%, at $70.13.

ALLTEL Corporation (AT) announced before market open Friday fiscal 2003 fourth-quarter net income of $258.9 million, or 83 cents a share, up from $256.6 million, or 82 cents a share, in the 2002 equivalent. The Little Rock, Arkansas-based telephone company said quarterly revenue rose 5% to $2.01 billion from $1.96 billion, a year ago. Alltel attributed the results to the increase in wireless and high-speed Internet services.

Alltel shares fell 34 cents to close Friday at $49.47. The stock gained a penny to $49.48 in after-hours trading.

Allegheny Energy, Inc. (AYE) of Hagerstown, Maryland, said Friday it narrowed its quarterly loss, citing revenue growth and fewer energy trading losses. The energy company reported a loss of $51 million, or 40 cents a share, for the fiscal third quarter, compared with $263 million, or $2.09 a share, in the third quarter of 2002. Allegheny said revenue increased to $637.6 million from $537.1 million.

The stock gained 14 cents to $13.49 at market close Friday. Company shares inched down a penny to $13.48 in after-market trade.

ITT Industries, Inc. (ITT) posted Friday fourth-quarter net earnings of $108.1 million, or $1.15 cents a share, a 14% rise from $95.1 million, or $1.01 a share, in the comparable period a year ago. The White Plains, New York-based industrial manufacturer recorded a 22% increase in its quarterly revenue to $1.52 billion from $1.24 billion, a year earlier. The company said results were due to strong performance in its defense and fluid technology units, and the weaker dollar.

Company shares dipped 0.94% to $73.90 at market close Friday.

U.S.B. Holding Co., Inc. (UBH) of Orangeburg, New York, announced after the bell Friday a fourth-quarter net profit of $6.7 million, or 33 cents a share, compared with $8.4 million, or 42 cents a share, in the prior-year period. Last year’s results were boosted by $4.7 million of security gains, the bank said. For the fiscal 2003 fourth quarter, analysts had forecast earnings of 32 cents a share.

The stock closed Friday at $20.39, up 10 cents, or 0.49%.

Radyne ComStream Inc. (RADN) of Phoenix, Arizona, forecast Friday a profit of $2.4 million, or 15 cents a share, on revenue of about $16.5 million, for its fiscal fourth quarter. For the same period a year earlier, the maker of communications equipment reported a loss of $3.8 million, or 25 cents per share, on revenue of $13.7 million. Radyne said stronger sales and new low-cost products boosted its outlook.