BorgWarner quarterly earnings rise 7.8 percent

Newswire

CHICAGO, July 26 (Reuters) - Auto parts maker BorgWarner Inc said on Thursday that quarterly earnings rose 7.8 percent on demand for its gas mileage improving engine and drivetrain technology and raised its 2007 earnings outlook. Net income rose to $75.7 million, or $1.29 per share, in the second quarter, from $70.2 million, or $1.21 per share, a year earlier. Revenue rose 16.7 percent to $1.36 billion. (Reporting by David Bailey)

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