Delphi expects to beat Wall Street
Dayton Business Journal
Delphi Automotive Systems Corp. said its second-quarter earnings will exceed analysts' expectations but still remain "at the low end" of the auto parts maker's original estimate of $160 million to $200 million.
Delphi said it would generate revenue of $6.8 billion to $6.9 billion in the second quarter, with cash flow between $300 million and $400 million before the cost of job cuts. The company also said Wall Street estimates for full-year earnings of 68 cents per share were in line with its own estimates.
The company said it expects to earn roughly $367 million this year on revenue of $26.5 billion.
Also today, Delphi said it will launch a supplier portal hosted by Covisint, an automotive e-business exchange, as part of its overall supply chain management strategy.
The Web site will provide a single source communication of Delphi's policies, guidelines, organizational contacts and general news designed especially for suppliers. Electronic messaging options also are planned.
Delphi, http://www.delphiauto.com, employs more than 9,000 workers at facilities in the Greater Dayton area.
Latest News |
Most Viewed Stories |
Most Emailed Stories |
