BorgWarner Sees FY24 Revenue $14B-$14.2B Vs $14.26B Est.
Portfolio Pulse from Benzinga Newsdesk
BorgWarner has projected its fiscal year 2024 revenue to be between $14 billion and $14.2 billion, which is slightly below the estimated $14.26 billion.
October 31, 2024 | 10:54 am
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BorgWarner's FY24 revenue projection of $14B-$14.2B is slightly below the market estimate of $14.26B, which may lead to a cautious market reaction.
The revenue forecast is a key indicator of future performance. BorgWarner's projection being below estimates may lead to negative sentiment among investors, potentially impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100