BorgWarner Q3 Adj EPS $0.98 Beats $0.94 Estimate, Sales $3.62B Miss $3.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
BorgWarner (NYSE:BWA) reported Q3 adjusted earnings of $0.98 per share, beating the analyst consensus estimate of $0.94 by 4.26%. However, this is a 20.97% decrease from last year's earnings. The company's quarterly sales of $3.62 billion missed the analyst consensus estimate of $3.66 billion by 1.04%, marking a 10.79% decrease from last year's sales.
November 02, 2023 | 10:34 am
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BorgWarner's Q3 earnings beat estimates but are down 20.97% YoY. Sales missed estimates and are down 10.79% YoY.
BorgWarner's earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimates, could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100