Delphi posts better-than-expected quarterly profit

DETROIT Tue Feb 5, 2013 7:26am EST

DETROIT Feb 5 (Reuters) - Vehicle parts maker Delphi Automotive Plc on Tuesday posted a stronger-than-expected quarterly profit and forecast an increase in 2013 results.

Net income in the fourth quarter fell to $136 million, or 43 cents a share, from $290 million, or 88 cents a share, a year earlier.

Excluding one-time items, Delphi earned 90 cents a share, 3 cents above what analysts polled by Thomson Reuters I/B/E/S had expected.

For 2013, Delphi said it expected adjusted earnings of $4.12 to $4.38 a share on revenue of $16.2 billion to $16.6 billion. Delphi's adjusted earnings last year were $3.84 a share on revenue of $15.5 billion.

Analysts were expecting 2013 earnings of $4.25 a share on revenue of $16.58 billion.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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