* Q1 EPS ex-items 65 cents vs Wall St view 41 cents
* Raises 2010 EPS expectation by 50 pct to $2.20 to $2.50
* Sees 2010 revenue growth of as much as 32 percent
DETROIT, April 29 (Reuters) - Auto parts makerInc raised its 2010 earnings outlook after posting a stronger-than-expected quarterly profit, propelled by improving industry production and rising demand for fuel-saving components such as turbochargers.
reported net income of $76.2 million for the first quarter, or 63 cents per share, compared with a year-ago loss of $7 million , or 6 cents per share, a year earlier.
Sales rose 57 percent from a year before to $1.29 billion.
Excluding one-time items, BorgWarner earned 65 cents per share. On that basis, analysts on average had expected the company to earn 41 cents per share on sales of $1.2 billion, according to Thomson Reuters I/B/E/S.
BorgWarner raised its 2010 earnings expectations to a range of $2.20 to $2.50 per share, from its previous range of $1.40 to $1.70 per share.
It also expects revenue growth of 28 percent to 32 percent in 2010, up from its earlier range of 15 percent to 19 percent.
(Reporting by Soyoung Kim, editing by Dave Zimmerman)