BorgWarner posts strong profit, reaffirms full-year outlook

Newswire

DETROIT, April 25 (Reuters) - BorgWarner Inc, which makes automotive turbochargers and emissions systems, on Thursday posted a stronger-than-expected quarterly profit and reaffirmed its full-year financial outlook. Net earnings in the first quarter attributable to the auto parts supplier declined to $142 million, or $1.22 a share, compared with $163 million, or $1.28 a share, in the year-earlier period. Excluding one-time items, BorgWarner earned $1.30 a share, ...

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