Delphi Automotive beats by $0.12, reports revs in-line; guides Q2 EPS in-line, revs below consensus; guides FY14 EPS in-line, revs in-line
Reports Q1 (Mar) earnings of $1.20 per share, $0.12 better than the Capital IQ Consensus Estimate of $1.08; revenues rose 6.3% year/year to $4.28 bln vs the $4.29 bln consensus.
Guidance:
During the first quarter of 2014, Delphi repurchased 2.38 million shares for approximately $157 million under its existing $750 million share repurchase program, leaving ~$33 million available for future share repurchases under this program.
Guidance:
- Q2 - Co issues guidance for Q2, sees EPS of $1.27-1.35 vs. $1.31 Capital IQ Consensus Estimate; sees Q2 revs of $4.375-4.475 bln vs. $4.48 bln Capital IQ Consensus Estimate.
- FY14Co issues in-line guidance for FY14, sees EPS of $4.80-5.00 vs. $4.89 Capital IQ Consensus Estimate; sees FY14 revs of $17.2-17.6 bln vs. $17.45 bln Capital IQ Consensus Estimate.
During the first quarter of 2014, Delphi repurchased 2.38 million shares for approximately $157 million under its existing $750 million share repurchase program, leaving ~$33 million available for future share repurchases under this program.