BorgWarner said second quarter 2010 US GAAP earnings were $0.68 per share, up from a net loss of $0.05 per share a year ago. Sales were up 55.2% to $1.42bn.
BorgWarner said second quarter 2010 US GAAP earnings were $0.68 per share, up from a net loss of $0.05 per share a year ago. Sales were up 55.2% to $1.42bn.
The company raised 2010 earnings guidance to $2.60 to $2.80 per share from $2.20 to $2.50. Revenue growth in 2010 is now expected to be 32% to 35% compared with 2009.
For the first six months of 2010, sales were $27.1bn, up 56.0%. Net income was $159m compared with a net loss of $42.9m a year previously.
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