=Delphi Automotive (DLPH) reported earnings on Wed 2 Nov 2016 (b/o)

Delphi Automotive beats by $0.07, beats on revs; raises FY16 EPS, revs guidance :

• Reports Q3 (Sep) earnings of $1.50 per share, $0.07 better than the Capital IQ Consensus of $1.43; revenues rose 12.7% year/year to $4.09 bln vs the $3.99 bln Capital IQ Consensus.
• "Adjusted Operating Income margin increased 10 basis points in the third quarter of 2016 to 13.0%, compared with 12.9% in the prior year period, resulting from the continued above-market growth of our businesses in Europe, North America and Asia Pacific, increased earnings from the December 2015 acquisition of HellermannTyton and the impact of cost reduction initiatives, including our continuing rotation to low cost manufacturing locations in Europe."
• Co raises guidance for FY16, sees EPS of $6.00-6.10 (Prior $5.95-6.05) vs. $5.98 Capital IQ Consensus Estimate; sees FY16 revs of $16.4-16.5 bln (Prior $16.25-16.45 bln) vs. $16.44 bln Capital IQ Consensus Estimate.