Delphi Automotive (DLPH) Tops Q1 EPS by 13c, Beat on Revenue
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Go back to Delphi Automotive (DLPH) Tops Q1 EPS by 13c, Beat on Revenue
May 4, 2017 9:28 AM EDT
Jefferies raised its price target on Delphi Automotive PLC (NYSE: DLPH) to $106.00 (from $100.00) while maintaining a Buy rating. 1Q adjusted EPS of $1.59 beat the consensus estimate of $1.46, driven by both sales and EBIT margin upside.
DLPH's expected Powertrain spin-off further shifts focus to... More
May 3, 2017 6:45 AM EDT
Delphi Automotive PLC (NYSE: DLPH) today announced its intention to execute a tax-free spin-off of its Powertrain Systems segment into a new, independent publicly traded company ("Powertrain"). Immediately following the transaction, which is expected to be completed by March 2018, Delphi shareholders will own shares of both companies.
"Today's announcement represents an exciting opportunity for our businesses by creating two independent companies, each with a distinct product focus, a proven business model, and the flexibility to pursue accelerated investments in advanced technologies that solve our customers' most complex challenges," said Kevin Clark,... More
