BorgWarner on Thursday reportedly said quarterly earnings rose on strong demand in Europe and Asia for technology such as turbochargers, timing systems and emissions.

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According to Reuters, the auto parts supplier’s first quarter net income rose to $US77.6 million, or $1.36 per share, from $51.1 million, or 91 cents per share, a year earlier.


Excluding a write-off, gains from divestitures and the release of tax accruals, BorgWarner said it earned 97 cents a share, the report added.


Analysts, on average, expected BorgWarner to earn 96 cents per share, according to Reuters Estimates.

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