Твой код работает.

Код AS3:
package {
import flash.display.MovieClip;
import flash.text.*;
public class Text extends MovieClip {
[Embed (source = 'visitor.ttf', fontName = 'Visitor', embedAsCFF = 'false')]
public var visitor_font:Class;
public function Text() {
TEXT("test", 10 , 10);
}
public function TEXT(TexT:String, cX:int, cY:int):void {
var Name:TextField = new TextField(); //сюда добавил скобки
Name.embedFonts = true;
Name.defaultTextFormat = new TextFormat("Visitor", 15 , 0xFF00FF); //здесь был белый
Name.antiAliasType = AntiAliasType.ADVANCED;
Name.selectable = false;
Name.type = "dynamic";
Name.autoSize = TextFieldAutoSize.CENTER;
Name.text = TexT;
Name.x = cX;
Name.y = cY;
Name.maxChars = 15;
addChild(Name);
}
}
}