Delphi Earnings Climb 16%

Delphi Automotive plc reports net income of $320 million in the first quarter of 2014 from $276 million in the same period last year.

Revenue grew 6% to $4.3 billion on growth rates of 12% in Asia, 8% in North America and 2% in Europe. Sales shrank 9% in South America.

Adjusted operating income for the January-March period was $483 million compared with $431 million in the prior-year period.

The company, which is now headquartered in Gillingham, England, has raised its full-year earnings forecast to between $4.80 and $5.00 per share from its previous forecast of $4.70-$4.95 per share.