=Delphi Technologies (DLPH) reported earnings on Wed 9 May 2018 (b/o)

Delphi Technologies beats by $0.15, beats on revs; raises FY18 EPS and rev, in-line

• Reports Q1 (Mar) earnings of $1.30 per share, excluding non-recurring items, $0.15 better than the Capital IQ Consensus of $1.15; revenues rose 11.0% year/year to $1.3 bln vs the $1.24 bln Capital IQ Consensus. This reflects growth of 4% in Powertrain Systems and 1% in Delphi Technologies Aftermarket. It also reflects growth of 11% in Asia, 6% in North America, 6% in South America and relatively flat performance in Europe.
• Co issues in-line guidancefor FY18, sees EPS of $4.65-4.95 from $1.50-4.80, excluding non-recurring items, vs. $4.82 Capital IQ Consensus; sees FY18 revs of $5.0-5.2 bln from $4.9-5.1 bln vs. $5.08 bln Capital IQ Consensus Estimate.