Delphi Automotive Tops Estimates on Q2 EPS and Revenues

Delphi Automotive, an automotive technology company, reported Q2 adjusted EPS of $1.71, up from $1.59 in the same period a year ago and topping the estimate of $1.65 from analysts polled by CapIQ. Total revenues of $4.32 billion were up from $4.21 billion in the same period a year ago and exceeded the Street projection of $4.20 billion.

The company guided Q3 adjusted EPS in the range of $1.52 to $1.58, straddling the Street estimate of $1.56. Q3 revenues are expected in the range of $4 billion to $4.10 billion, straddling the Street projection of $4.09 billion. The company increased full year adjusted EPS guidance to a range of $6.55 to $6.75 from a prior range of $6.40 to $6.70. The new guidance straddles the Street estimate of $6.63. Full year revenues are anticipated in a range of $16.85 billion to $17.05 billion, increased from a prior range of $16.50 billion to $16.90 billion. The new guidance straddles the Street estimate of $16.92 billion

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