Benzinga | Oct 29, 2020 07:51AM EDT

BorgWarner: Q3 Earnings Insights



Shares of BorgWarner (NYSE:BWA) were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 8.33% over the past year to $0.88, which beat the estimate of $0.73.

Revenue of $2,534,000,000 rose by 1.69% from the same period last year, which beat the estimate of $2,330,000,000.

Outlook

The upcoming fiscal year's revenue expected to be between $9,700,000,000 and $9,850,000,000.

Conference Call Details

Date: Oct 29, 2020

Time: 09:30 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/965/34849

Technicals

52-week high: $46.60

52-week low: $17.00

Price action over last quarter: down 5.25%

Company Profile

BorgWarner is a Tier I auto-parts supplier that has two operating segments. The engine group makes turbochargers, emissions system components, timing chains, and other items that enhance fuel efficiency and reduce emissions. Drivetrain group produces rotating electrical components, power electronics, control modules, transmission components, and four-wheel-drive/all-wheel-drive system components that facilitate the distribution of engine torque to the wheels. The acquisition of Delphi adds fuel-injection as well as inverter/converter and electronic control modules for electrified powertrain.