Delphi reports higher quarterly profit
DETROIT, July 31
DETROIT, July 31 (Reuters) - Auto parts supplier Delphi Automotive Plc on Wednesday posted higher quarterly profit on stronger demand in Asia, and North and South America.
Net income in the second quarter rose 11 percent to $367 million, or $1.17 a share, from $330 million, or $1.01 a share, in the year-earlier quarter.
Excluding one-time items, Delphi earned $1.24 a share, 10 cents more than analysts expected, according to a poll by Thomson Reuters I/B/E/S.
Revenue rose 6 percent to $4.24 billion, in line with Wall Street expectations. Adjusting for currency exchange, commodity movements and acquisitions, revenue rose 1 percent.