BorgWarner falls on Q1 profit miss

BorgWarner

04/05/2023 13:51

** Shares of auto supplier BorgWarner Inc  BWA.N  down 3.4%
to $44.9 premarket
    ** BWA expects FY adj. profit in range of $4.60 to $5.15 per
diluted share, compared with est of $4.88 per share - Refinitiv
    ** Forecasts FY net sales between $17.1 bln and $17.9 bln,
compared with est of $17.23 bln
    ** Says it expects FY eProduct sales for hybrid vehicles to
be about $800 mln
    ** Co reports Q1 sales of $4.18 bln vs Street est of $4.15
bln - Refinitiv
    ** However, co posts Q1 adj. profit of $1.09/shr, below
expectations of $1.11 
    ** BWA stock up 15.4% YTD

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))