BorgWarner rises on Q2 profit beat
BUZZ-BorgWarner rises on Q2 profit beat ** Shares of auto parts supplier BorgWarner BWA.N rise ~5% to $66.1 premarket
** Co reports second-quarter profit above analysts' estimates, benefiting from steady demand for powertrain systems and turbochargers
** Reports Q2 adjusted quarterly profit per share of $1.42, topping estimates of $1.28, according to data compiled by LSEG
** Its second-quarter net sales marginally rose to $3.65 billion from last year
** Median PT of 17 brokerages covering the stock is $78 - data compiled by LSEG
** As of last close, stock up ~40% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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