BorgWarner Q4 tops estimates

Investor's Business Daily

Auto engine and drivetrain maker BorgWarner posted better-than-expected earnings but missed on sales. EPS jumped 36% to 79 cents, beating by 8 cents. Revenue rose 9.7% to $1.885 bil, just missing Wall Street's target of $1.897 bil. Excluding the impact of foreign currencies and '12 dispositions, net sales were up 9% compared with Q4 '12, the company said. BorgWarner (BWA) affirmed guidance it gave last month for '14 EPS of $3.10-$3.25, missing analyst consensus for $3.23. Shares rose 2.7% to 56.93.

View Comments