Reuters: Global Markets: BorgWarner earnings rise on demand for fuel-efficient vehicles

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

BorgWarner earnings rise on demand for fuel-efficient vehicles Jul 25th 2013, 12:21 Thu Jul 25, 2013 8:21am EDT (Reuters) - BorgWarner Inc (BWA.N), maker of automotive turbochargers and emission systems, posted higher-than-expected profit on Thursday as global demand for more fuel-efficient vehicles continued to rise in the second quarter, the company said. Borg Warner also raised its earnings forecast for 2013 to a range of $5.40 per share to $5.55 per share from a previous range of $5.15 to $5.45. Net earnings in the second quarter rose to $142 million, or $1.50 per share, compared to $121 million, or $1.00 per share, in the year-earlier period. BorgWarner's earnings of $1.50 a share beat analyst expectations of $1.40 per share, according to Thomson Reuters I/B/E/S. Sales were $1.89 billion compared with $1.86 billion a year ago. Analysts had expected $1.92 billion. (Reporting by Bernie Woodall; Editing by Gerald E. McCormick)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions