AUBURN HILLS, Mich. (AP) — AUBURN HILLS, Mich. (AP) — BorgWarner Inc. (BWA) on Thursday reported fourth-quarter net income of $255 million.
On a per-share basis, the Auburn Hills, Michigan-based company said it had profit of $1.09. Earnings, adjusted for one-time gains and costs, were $1.26 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The auto parts supplier posted revenue of $4.11 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $3.89 billion.
For the year, the company reported profit of $944 million, or $3.99 per share. Revenue was reported as $15.8 billion.
BorgWarner expects full-year earnings in the range of $4.50 to $5 per share, with revenue in the range of $16.7 billion to $17.5 billion.
BorgWarner shares have increased 16% since the beginning of the year, while the S&P’s 500 index has risen 7%. The stock has climbed roughly 5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BWA at https://www.zacks.com/ap/BWA
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