Why BorgWarner Shares Are Falling Today
Portfolio Pulse from Nabaparna Bhattacharya
BorgWarner Inc. (NYSE:BWA) shares fell after reporting Q4 results with earnings and revenue missing estimates. Adjusted EPS was 90 cents versus the expected 94 cents, and revenues were $3.52 billion against the forecast of $3.65 billion. Despite a 6.2% year-over-year revenue increase, the company's FY24 sales outlook of $14.4 billion-$14.9 billion falls short of the $15.3 billion estimate. BorgWarner also announced the start of eMotor rotor and stator production for XPeng Inc. (NYSE:XPEV), targeting the X9 MPV and a future electric sedan.

February 08, 2024 | 2:49 pm
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NEGATIVE IMPACT
BorgWarner reported lower-than-expected Q4 earnings and revenue, with a disappointing FY24 sales outlook, causing shares to fall.
BorgWarner's share price drop is directly tied to its Q4 earnings miss and lower-than-expected FY24 sales forecast, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
XPeng Inc. partners with BorgWarner for eMotor rotor and stator production, targeting the X9 MPV and a future electric sedan.
XPeng's partnership with BorgWarner for eMotor production is a positive development, likely to benefit its product lineup and potentially its stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80