UPDATE: BorgWarner Profit Beats Estimates
BorgWarner (NYSE: BWA) reported a better-than-expected fourth-quarter profit.
BorgWarner's quarterly net income surged to $141.4 million, or $0.62 per share, from $121.2 million, or $0.51 per share, in the year-ago period. Excluding one-time items, the company earned $0.79 per share, versus analysts' estimates of $0.71 per share.
Its revenue climbed 10% to $1.89 billion, versus estimates of $1.9 billion.
BorgWarner shares closed at $55.44 yesterday.
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