BorgWarner quarterly profit up 12 percent
May 1 (Reuters) - BorgWarner Inc, a maker of automotive turbochargers and emissions systems, posted a higher quarterly profit, helped by higher sales at both its engine and drivetrain businesses.
BorgWarner also raised its full-year sales growth forecast and said it now expects it to increase between 12 and 15 percent in 2014, up from its earlier forecast of 7 to 11 percent.
Net income attributable to BorgWarner rose 12 percent to $159.1 million, or 69 cents per share, in the first quarter ended March 31, from $142 million, or 61 cents per share.
Excluding one-time items, BorgWarner earned 83 cents a share. (Reporting by Mridhula Raghavan in Bangalore; Editing by Rodney Joyce)
- First Ebola case diagnosed in the United States: CDC |
- U.S. experts hunt for Ebola exposure after first case |
- Turkey vows to fight Islamic State, coalition strikes near border
- Advanced iOS virus targeting Hong Kong protestors -security firm
- Hong Kong's embattled leader believes protests could last weeks: source |