Visteon Corp, (VC: chart), said that Q4 results included a gain of $1.8 billion related to an asset sale, $335 million in asset impairment charges, and $28 million in restructuring expenses. The year-earlier period included restructuring expenses of $41 million. Sales declined in Q4 to $2.87 billion from $4.52 billion in the same period a year ago.

Caraustar Industries Inc, (CSAR: chart), recycled paperboard company, reported a Q4 loss from continuing operations of $1.24 a share, down from an equivalent profit of 29 cents a share a year-ago. If not for items such as $40.3 million in restructuring and impairment costs, the company earned a penny per share in Q4, in line with analyst estimate. Sales inched down to $211 million in Q4 from $211.7 million in the same period a year ago.

Arch Coal Inc, (ACI: chart), coal-mining company, reported a Q4 loss of 2 cents a share, down from a net income of 32 cents a share in the year-ago period. The company incurred one-time items in Q4 of 2005, including a gain from asset sales and charges for a mine fire in Colorado and a legal settlement in West Virginia, without which the company’s income would have been 25 cents a share, still missing analysts forecast for earnings of 29 cents a share.

Coventry Health Care Inc, (CVH: chart), managed health care company, reported Q4 earnings of 77 cents a share, up from a profit of 67 cents a share a year-earlier on revenue growth. If not for a loss related to Hurricane Katrina, the company posted a profit of 81 cents a share, beating analysts’ expectations for a profit of 80 cents a share.

Avista Corp, (AVA: chart), energy company, reported Q4 net income of 52 cents a share, up from 46 cents a share a year-ago. Avista confirmed its forecast for 2006, for consolidated earnings to be in the range of $1.30 to $1.45 a share.

Cincinnati Bell, Inc, (CBB: chart), diversified communications services provider, reported that Q4 net income dropped to 4 cents a share, down from 7 cents a share in the same period a year ago despite 2% revenue growth. Aside from the impact of a restructuring charge and a non-cash impairment charge, the company would have earned 7 cents a share.

SCANA Corp, (SCG: chart), electricity and natural gas company, reported earnings of 65 cents a share, up from 37 cents a share in the year-ago period on higher margins on sales of electricity and natural gas, beating analysts’ forecasts of 60 cents a share.

Diagnostic Products Corp, (DP: chart), immunodiagnostic systems and immunochemistry producer, reported Q4 earnings of 43 cents a share, up from a profit of 37 cents a share a year-ago on 4% sales growth. The company announced that sales of its Immulite reagent products rose 6% to $95.4 million in Q4.