BorgWarner: 2Q Earnings Snapshot

AUBURN HILLS, Mich. (AP) _ BorgWarner Inc. (BWA) on Thursday reported second-quarter earnings of $172 million.

The Auburn Hills, Michigan-based company said it had profit of 83 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1 per share.

The results met Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of $1 per share.

The auto parts supplier posted revenue of $2.55 billion in the period, beating Street forecasts. Seven analysts surveyed by Zacks expected $2.53 billion.

For the current quarter ending in October, BorgWarner expects its per-share earnings to range from 83 cents to 90 cents.

The company expects full-year earnings in the range of $3.75 to $4 per share, with revenue ranging from $9.94 billion to $10.18 billion.

BorgWarner shares have risen 22% since the beginning of the year, while the Standard & Poor’s 500 index has increased 20%. The stock has fallen slightly more than 4% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BWA at https://www.zacks.com/ap/BWA