DLPH - Delphi Technologies Isn't Running Away - Downside Widens After Stock Jump
Delphi Technologies (DLPH) is up a solid 17% after posting better-than-expected results for the year ended December 31, 2018. The company, once steeped into Detroit but now headquartered in London, barely managed to expand its top line from USD4.85 billion in 2017 to USD4.86 billion but surprised investors with a 25.6% jump in net earnings to USD358 million in the latest year. This was seen as a big positive since the company had posted disastrous results for September quarter. Following the annual results, the stock has appreciated almost 20%, although it is still