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AUBURN HILLS, Mich. (AP) — AUBURN HILLS, Mich. (AP) — BorgWarner Inc. (BWA) on Thursday reported first-quarter profit of $217 million.
On a per-share basis, the Auburn Hills, Michigan-based company said it had net income of 93 cents. Earnings, adjusted for non-recurring costs, came to $1.09 per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The auto parts supplier posted revenue of $4.18 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $4.21 billion.
BorgWarner expects full-year earnings in the range of $4.60 to $5.15 per share, with revenue in the range of $17.1 billion to $17.9 billion.
BorgWarner shares have risen 15% since the beginning of the year, while the S&P's 500 index has climbed 6.5%. The stock has climbed 22% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a BWA">Zacks stock report on BWA at https://www.zacks.com/ap/BWA