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Delphi Automotive Meets Fourth-Quarter Expectations

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Delphi Automotive Systems

(DPH)

exceeded Wall Street's estimates by 4 cents as it posted fourth-quarter income of 36 cents a share.

The company, a supplier of automotive components, integrated systems and modules based in Troy, Mich., said net income for the quarter ended Dec. 31 fell 26% to $200 million from $269 million. Delphi earned 48 cents in the year-ago fourth quarter.

Sales fell 5% to $6.91 billion from $7.25 billion in the year-ago period. Sales to customers other than

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rose 11% to $2.1 billion in the fourth quarter.

Shares of Delphi lost 63 cents, or 4.3%, to $14.06 in recent

New York Stock Exchange

trading.