BorgWarner Cuts FY23 Revenue Guidance From $14.2B - $14.6B To $14.1B - $14.3B Vs. $14.82B Est.
Portfolio Pulse from Benzinga Newsdesk
BorgWarner has reduced its FY23 revenue guidance from $14.2B-$14.6B to $14.1B-$14.3B, which is below the estimated $14.82B.
November 02, 2023 | 10:38 am
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NEGATIVE IMPACT
BorgWarner's reduced FY23 revenue guidance may negatively impact its stock price in the short term.
BorgWarner's revised revenue guidance is lower than previously stated and also below the estimated $14.82B. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100