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Delphi Earnings Up, Sales Down
Delphi Automotive plc's sales slipped 2% to $4.2 billion in the fourth quarter of 2014.
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Delphi Automotive plc's sales slipped 2% to $4.2 billion in the fourth quarter of 2014. But operating income climbed 17% to $486 million, and net income advanced 15% to $368 million.
The U.K.-based supplier of automotive electronics reports its full-year sales grew 3% to $17 billion, operating income rose 10% to $1.8 billion and net profit expanded 11% to $1.4 billion.
Delphi predicts its revenue this year will rise $100 million-$500 million, and operating income will grow at least 17% to $2.1 billion-$2.2 billion.
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