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BorgWarner 1Q Net $88.7 Million Vs Net $58.4 Million, +52%
Friday, May 02, 2008 7:10 AM
Symbols: BWA
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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. 
(Source: iStockAnalyst )



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