Borg Warner (BWA) Reports Mixed Q2 Results; Lowers Guidance Slightly
Borg Warner (NYSE: BWA) reports Q2 earnings of $0.74 per share, slightly below the consensus of $0.75. Revenues came in at $1.52 billion, versus the consensus of $1.51 billion.
Borg Warner maintained its 2008 full-year sales growth expectation of 8% to 10%, and adjusted its 2008 full-year earnings guidance to $2.80 to $2.95 per diluted share, which incorporates the lower end of its previous guidance range of $2.85 to $3.00 per diluted share.
BorgWarner Inc. is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide.
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