Borg Warner (BWA)

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BorgWarner reported mixed results with earnings surpassing expectations, yet revenue slightly missed estimates due to sector challenges.

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BorgWarner shares rose after reporting better-than-expected Q2 FY24 adjusted EPS and new contracts. Despite a 2% decline in sales to $3.603 billion, adjusted EPS of $1.19 beat the $1.01 consensus. The company secured significant new contracts, boosting investor confidence.

BWA stock results show that BorgWarner beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.