Delphi Automotive Systems
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
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