UPDATE 2-BorgWarner cuts 2012 outlook on global slowdown


DETROIT, July 26 (Reuters) - BorgWarner Inc, a supplier of automotive powertrain technology, reported lower net income for the second quarter and cut its full-year earnings and revenue outlook, citing the slowdown in the global economy. Excluding one-time items, BorgWarner earned $1.36 per share. This fell a penny short of the average Wall Street estimate of $1.37, according to Thomson Reuters I/B/E/S. The decline of the euro against the dollar ...

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