BorgWarner Q1 2024 Adj EPS $1.03 Beats $0.87 Estimate, Sales $3.595B Beat $3.509B Estimate
Portfolio Pulse from Benzinga Newsdesk
BorgWarner reported Q1 2024 adjusted earnings of $1.03 per share, surpassing the $0.87 estimate, marking an 18.39% beat and a 27.16% increase from the previous year. Sales reached $3.595 billion, exceeding the $3.509 billion estimate by 2.44%.

May 02, 2024 | 10:33 am
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POSITIVE IMPACT
BorgWarner's Q1 2024 earnings and sales exceeded analyst expectations, indicating strong financial performance and potential positive market response.
BorgWarner's significant beat on both earnings per share and sales estimates for Q1 2024 suggests a robust financial health and operational efficiency, likely leading to a positive short-term impact on its stock price. The company's performance exceeded analyst expectations by a notable margin, which typically results in increased investor confidence and could drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100