BorgWarner sales drop 6.9% on declining industry production

BorgWarner Inc. BWA, -1.45% said Tuesday its fourth quarter net income fell to $129 million, 54 cents a share, from $358 million, or $1.52 a share in the year-ago quarter. Adjusted earnings dropped to $1.06 a share in the latest quarter, from $1.18 a share. Sales dropped 6.9% to $3.66 billion as a decline in industry production more than offset increased demand, the company said. Borg Warner was expected to earn 76 cents a share on sales of $3.49 billion, according to a survey by FactSet. For 2022, Borg Warner expects sales of $15.9 billion to $16.5 billion, up from 2021 sales of $14.8 billion. The company forecasts adjusted earnings of $4.15 to $4.60 a share. Analysts have projected 2022 sales of $16.44 billion and earnings of $4.66 a share. Shares of Borg Warner fell 1.8% in premarket trades.

Source: Marketwatch

Technical Analysis & Forecast 16.04.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave at 1.0664. After the correction, the market continues developing a decline wave

Murrey Math Lines 16.04.2024 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on D1, revealing the prevalence of a downtrend. The RSI has

Ichimoku Cloud Analysis 16.04.2024 (EURUSD, USDJPY, NZDUSD)

EURUSD, “Euro vs US Dollar” EURUSD is testing the lower boundary of the bearish channel. The pair is going below the Ichimoku Cloud, which suggests

Searching for the right forex broker is no easy task, but have no fear! Brokerswatch.com has made it very simple. Find the right brokers based on the criteria most important to you and compare them side by side for easier selection

Brokers By Regulator

Forex Brokers List

Trading Tools

Risk Warning: FX trading is high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment goals, experience and risk tolerance levels. Loss of part or all of your initial investment is possible; therefore do not invest money that you cannot afford to lose. It is advised to educate yourself about FX trading before you trade real money. Disclaimer: All data and information on this Website are provided “as is” and to be used only for information purposes. Information is not intended for trading or trading recommendations. The operators of this website shall not be liable for any loss incurred by you as a result of reliance on the information contained in the Website.