Delphi has posted third quarter net income of US$271m, or 87 cents a share, from US$269m, or 84 cents a share, in the same quarter last year. The result was slightly ahead of analyst expectations.
“Overall, we had a great quarter. Although we remain cautious, the European market seems to be stabilising,” said Chief Executive Rodney O`Neal in a statement.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company reported third quarter 2013 revenue of US$4bn, an increase of 3% compared to the third quarter of 2012, adjusting for currency exchange, commodity movements, acquisitions and divestitures. This reflects growth of 10% in Asia and 9% in North America, offset by declines of 5% in Europe and 2% in South America.
For the nine months ended September 30, 2013, the company reported revenue of US$12.3bn, a decrease of 1% compared to the nine months ended September 30, 2012, adjusting for currency exchange, commodity movements, acquisitions and divestitures. This reflects growth of 9% in Asia, 4% in North America and 6% in South America, offset by a decline in Europe of 10%.
For the 2013 year-to-date period, Adjusted Net Income totalled US$1,026m million, which compares with US$954m last year.
