DOW JONES NEWSWIRES
BorgWarner Inc. (NYSE:BWA) (BWA), a provider of power-train products for auto makers, Friday said first-quarter net profit rose 52% to $88.7 million, or 75 cents a share, from $58.4 million, or 50 cents a share, earned in the year-earlier quarter.
Consensus forecasts were for earnings of 75 cents a share, according to a survey of 11 analysts polled by FactSet Research.
Sales climbed 17% to $1.5 billion, or 8% excluding the impact of currency fluctuations.
The company reaffirmed its outlook for the year.
-Aude Lagorce; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires 05-02-08 0710 Copyright (c) 2008 Dow Jones & Company, Inc.