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BorgWarner quarterly net earnings fall
February 14, 2013 / 1:25 PM / 5 years ago

BorgWarner quarterly net earnings fall

Feb 14 (Reuters) - BorgWarner Inc, which makes automotive turbochargers and emissions systems, reported lower quarterly results as sales in its engine segment declined 6 percent due to weakness in Europe.

The company reported fourth-quarter net income of $121.2 million attributable to its shareholders, down from $127.5 million a year earlier.

However, based on a lower share count, earnings per share rose to $1.03 from $1.00 a year ago.

Revenue fell 3 percent to $1.72 billion.

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