BorgWarner quarterly earnings fall after charge

Newswire

CHICAGO, April 26 (Reuters) - Auto parts maker BorgWarner Inc. said on Thursday that quarterly earnings fell 4.7 percent after it took a warranty charge, but sales rose on strength outside the United States. Net income fell to $58.4 million, or $1.00 per share, in the first quarter, from $61.3 million, or $1.06 per share, a year earlier. Revenue rose 10.6 percent to $1.28 billion. Results included a one-time 17 cents per share warranty charge for a product that is no longer in ...

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