BorgWarner: Q4 Earnings Snapshot
By AP News
Published - Feb 09, 2023, 06:48 AM ET
Last Updated - Jun 22, 2023, 10:28 PM EDT
AUBURN HILLS, Mich. (AP) — AUBURN HILLS, Mich. (AP) — BorgWarner Inc. (BWA) on Thursday reported fourth-quarter net income of $255 million.
On a per-share basis, the Auburn Hills, Michigan-based company said it had profit of $1.09. Earnings, adjusted for one-time gains and costs, were $1.26 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The auto parts supplier posted revenue of $4.11 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $3.89 billion.
