Delphi 3Q Results Up Double Digits, Guides Slightly Higher; Maintaining $62 Fair Value Estimate
Narrow-moat-rated Delphi Automotive, the automotive electrical systems, electronics, powertrain components, and safety equipment supplier, reported third-quarter earnings per share adjusted for special items of $1.50, jumping $0.22 from $1.28 EPS reported a year ago and $0.02 ahead of the consensus EPS estimate of $1.48. Revenue rose by 13% to $4.1 billion from $3.6 billion in the third quarter of 2015. Excluding the impact of currency translation, commodity price changes, acquisitions, and dive...
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