BorgWarner: 3Q Earnings Snapshot

AUBURN HILLS, Mich. (AP) _ BorgWarner Inc. (BWA) on Thursday reported third-quarter profit of $203.8 million.

The Auburn Hills, Michigan-based company said it had profit of 98 cents per share. Earnings, adjusted for one-time gains and costs, came to $1 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.

The auto parts supplier posted revenue of $2.48 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $2.45 billion.

BorgWarner expects full-year earnings to be $4.35 to $4.40 per share, with revenue in the range of $10.49 billion to $10.58 billion.

BorgWarner shares have fallen 30 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased almost 1 percent. The stock has decreased 32 percent in the last 12 months.

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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