Delphi Technologies reports second quarter 2019 financial results, updates full year outlook
DELPHI TECHNOLOGIES PLC (DLPH)
Last delphi technologies plc earnings: 2/13 04:01 pm
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US:NYSE Investor Relations:
ir.delphi.com
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Source: PR Newswire
LONDON, Aug. 1, 2019 /PRNewswire/ -- Delphi Technologies PLC (NYSE: DLPH) ("Delphi Technologies" or the "Company"), a global leader in vehicle propulsion systems, today reported second quarter 2019 U.S. GAAP earnings of $0.31 per diluted share compared to $0.97 per diluted share for the prior year period. Excluding special items, second quarter earnings totaled $0.58 per diluted share compared to $1.29 per diluted share for the prior year period. The Company also reported revenue of $1.1 billion for the quarter and $2.3 billion for the year-to-date period, a decrease of 9% and 10% compared to $1.2 billion and $2.5 billion for the respective equivalent prior periods, on a U.S. GAAP basis. Adjusting for currency exchange, the second quarter and year-to-date revenue decreased 5% and 6%, respectively.Second quarter highlightsRevenue of $1.1 billion, down 9% on a U.S. GAAP basis and down 5% on a constant currency basis, year-on-year U.S. GAAP net income of $27 million, diluted earnings per
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