USA: Delphi reports Q4 earnings of $55 million
Delphi has reported net income for the fourth quarter of $55 million, or $0.10 per share. The results compare with earnings of $200 million, or 36 cents per share, a year earlier but are much in line with analysts' expectations. Delphi achieved fourth-quarter sales of $6.4 billion, down 8 percent from the same quarter of the previous year due to 'softer year-over-year customer production levels and planned portfolio actions.'
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