BorgWarner rises on Q2 profit beat
BWA•Shares rise after quarterly beat
Shares of auto parts supplier BorgWarner BWA.N rose about 5% to $66.1 in premarket trading after the company reported second-quarter profit above analysts' estimates, benefiting from steady demand for powertrain systems and turbochargers.
Second-quarter results and analyst estimates
The company reported second-quarter adjusted quarterly profit per share of $1.42, topping estimates of $1.28, according to data compiled by LSEG.
Its second-quarter net sales marginally rose to $3.65 billion from last year.
The median price target of 17 brokerages covering the stock is $78, according to data compiled by LSEG.
As of the last close, the stock was up about 40% year to date.
