Mexican Media Brands
Delphi’s Earnings Rise 13%
Delphi Automotive plc reports its revenue grew 3% to $4.1 billion and net income jumped 13% to $305 million in the third quarter of 2014.
#economics
Share
Delphi Automotive plc reports its revenue grew 3% to $4.1 billion and net income jumped 13% to $305 million in the third quarter of 2014.
The U.K.-based supplier of electronic systems says its operating income for the period climbed 9% to $468 million. Gains were driven by revenue growth of 9% in Asia and 6% in North America. Results were flat in Europe, and revenue plunged 20% in what it describes as an "ugly" South American market.
Delphi increased the bottom end of its full-year earnings forecast by 5 cents to a range of $5-5.10 per share. The company expects revenue will total about $17.2 billion in 2014.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.