BorgWarner: Q3 Earnings Snapshot

AUBURN HILLS, Mich. (AP) — AUBURN HILLS, Mich. (AP) — BorgWarner Inc. (BWA) on Thursday reported third-quarter net income of $221 million.

The Auburn Hills, Michigan-based company said it had profit of $1.08 per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to $1.39 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The auto parts supplier posted revenue of $3.49 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $3.51 billion.

BorgWarner expects full-year earnings in the range of $5.20 to $5.35 per share, with revenue in the range of $14 billion to $14.2 billion.

BorgWarner shares have climbed 24% since the beginning of the year, while the S&P's 500 index has increased 13%. The stock has increased 28% 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