BorgWarner Inc. reported a significant loss of $262 million in its fourth quarter, translating to a loss of $1.23 per share. Despite this, adjusted earnings of $1.35 per share and revenue of $3.57 billion both surpassed Wall Street expectations. The company provided a full-year earnings forecast between $5 and $5.20 per share, with revenue projected to be between $14 billion and $14.3 billion.
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BorgWarner: Q4 Earnings Snapshot
BorgWarner Inc. reported a significant loss of $262 million in its fourth quarter, translating to a loss of $1.23 per share. Despite this, adjusted earnings of $1.35 per share and revenue of $3.57 billion both surpassed Wall Street expectations. The company provided a full-year earnings forecast between $5 and $5.20 per share, with revenue projected to be between $14 billion and $14.3 billion.