Delphi Automotive PLC (NYSE:DLPH) 1Q18 Earnings Outshine Street View

Delphi Automotive PLC

Delphi Automotive PLC (NYSE:DLPH) reported net income for the first quarter of $ 98.00 million or $ 1.10 per share, compared to income $ 103.00 million or $ 1.16 per share for the year-ago quarter.

The Gillingham, the United Kingdom based company recorded first quarter adjusted earnings of $ 116.00 million or $ 1.30 per share.

The net sales for first quarter rose 11% to $ 1.30 billion from $ 1.17 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected DLPH to report income of $ 1.15 per share on revenue of $ 1.24 billion for the first quarter.

Delphi Technologies had a strong start to 2018. We delivered 5% revenue growth, underlying margin expansion and have raised our full year outlook. We continue to have robust bookings momentum in key technologies that will support our long-term growth. Led by our industry leading portfolio, focused on solving our customers most complex propulsion challenges, we saw $3 billion of bookings in Q1, said Liam Butterworth, President and CEO for Delphi Technologies

At the same time, DLPH anticipates full year 2018 earnings of $4.65 – $4.95 per share, where as net sales for the full year expected to be $5.0 billion to $5.2 billion.

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