WASHINGTON (dpa-AFX) - Borg Warner Inc. (BWA) announced a profit for second quarter that Decreased from last year but beat the Street estimates.
The company's bottom line came in at $224 million, or $1.03 per share. This compares with $303 million, or $1.34 per share, last year.
Excluding items, Borg Warner Inc. reported adjusted earnings of $1.21 per share for the period.
Analysts on average had expected the company to earn $1.08 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 1.0% to $3.638 billion from $3.603 billion last year.
Borg Warner Inc. earnings at a glance (GAAP) :
-Earnings: $224 Mln. vs. $303 Mln. last year. -EPS: $1.03 vs. $1.34 last year. -Revenue: $3.638 Bln vs. $3.603 Bln last year.
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