BorgWarner (BWA) Q4 Earnings Miss Estimates, Decline Y/Y

BorgWarner Inc. (BWA) reported adjusted earnings of 90 cents per share for fourth-quarter 2023, down from $1.26 recorded in the prior-year quarter. The bottom line also missed the Zacks Consensus Estimate of 93 cents.The automotive equipment supplier reported net sales of$3.52 billion, missing the Zacks Consensus Estimate of $3.61 billion. The top line declined 14.4$1.88 billion in the reported quarter compared with $1.81 billion in th ...