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Delphi Automotive tops profit forecast, buys equipment maker

NEW YORK (AP) -- Delphi Automotive PLC on Thursday reported a 69 percent surge in second-quarter profit, beating Wall Street expectations, and disclosed it is buying HellermannTyton Group to boost its auto technology offerings.

The vehicle parts maker said its net income rose to $645 million, or $2.23 per share, mainly on the sale of its thermal business. Earnings, adjusted for one-time gains and costs, came to $1.34 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.

The England-based company's revenue fell 5...


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