BorgWarner profit up 9 pct, raises FY earnings forecast
July 31 (Reuters) - BorgWarner Inc, a maker of automotive turbochargers and emissions systems, posted a higher quarterly profit, helped by higher sales at its engine and drivetrain businesses.
Net income attributable to BorgWarner rose about 9 percent to $190.2 million, or 83 cents per share, in second quarter ended June 30, from $174.1 million, or 75 cents per share, a year earlier.
Excluding one-time items, the company earned 89 cents per share.
BorgWarner raised its full-year earnings forecast to a range of $3.25-$3.35 per share, from its previous outlook of $3.15-$3.30 per share. (Reporting by Mridhula Raghavan in Bangalore; Editing by Simon Jennings)
- Obama critic D'Souza spared prison for violating election law
- U.S. and Arab allies launch first strikes on militants in Syria |
- Fired UPS worker kills two supervisors, self, in Alabama shooting
- Israel downs Syrian warplane it says violated its Golan airspace
- Bin Laden son-in-law sentenced to life in U.S. prison