AUBURN HILLS, Mich. (AP) — AUBURN HILLS, Mich. (AP) — BorgWarner Inc. (BWA) on Thursday reported a fourth-quarter loss of $405 million, after reporting a profit in the same period a year earlier.
The Auburn Hills, Michigan-based company said it had a loss of $1.85 per share. Earnings, adjusted for asset impairment costs and restructuring costs, were $1.01 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The auto parts supplier posted revenue of $3.44 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $3.48 billion.
BorgWarner expects full-year earnings in the range of $4.05 to $4.40 per share, with revenue in the range of $13.4 billion to $14 billion.
BorgWarner shares have dropped 2% since the beginning of the year, while the S&P's 500 index has risen 27%. The stock has decreased almost 7% in the last 12 months.
_____
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
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。