BorgWarner Q2 2024 Adj. EPS $1.19 Beats $1.01 Estimate, Sales $3.603B Miss $3.706B Estimate
Portfolio Pulse from Benzinga Newsdesk
BorgWarner (NYSE:BWA) reported Q2 2024 adjusted EPS of $1.19, beating the analyst estimate of $1.01. However, sales of $3.603 billion missed the $3.706 billion estimate and were down 20.29% year-over-year.
July 31, 2024 | 10:31 am
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BorgWarner's Q2 2024 adjusted EPS of $1.19 beat estimates by 17.82%, but sales of $3.603 billion missed estimates and were down 20.29% year-over-year.
The mixed earnings report, with EPS beating but sales missing estimates and declining significantly year-over-year, suggests a neutral short-term impact on BorgWarner's stock price. Investors may be cautious due to the sales decline despite the EPS beat.
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