BorgWarner shares are trading lower after the company reported worse-than-expected Q4 financial results and issued FY24 adjusted EPS and net sales guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
BorgWarner's stock is trading lower following the announcement of disappointing Q4 financial results and the issuance of FY24 adjusted EPS and net sales guidance that fell short of expectations.
February 08, 2024 | 5:04 pm
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BorgWarner's shares are down after the company reported Q4 financial results that did not meet expectations and provided FY24 guidance below analyst estimates.
The negative reaction in BorgWarner's stock price is directly tied to the company's announcement of weaker-than-expected Q4 financial performance and disappointing FY24 guidance. This news is likely to dampen investor sentiment in the short term as it raises concerns about the company's future profitability and growth prospects.
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