BorgWarner (BWA) Q1 Earnings Beat Estimates, Guidance Revised

BorgWarner Inc. (BWA) reported adjusted earnings of $1.03 per share for first-quarter 2024, down from$1.09 per share recorded in the prior-year quarter. The bottom line, however, surpassed the Zacks Consensus Estimate of 87 cents.The automotive equipment supplier reported net sales of $3.6 billion, beating the Zacks Consensus Estimate of$3.52 billion. The top line, however, declined 13.9% year over year.Segmental PerformanceAir Management: Net sales totaled $2.03 billion in the reported quarter compared w ...