Investing.com - BorgWarner reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
BorgWarner announced earnings per share of $1.24 on revenue of $4.06. Analysts polled by Investing.com anticipated EPS of $1.04 on revenue of $4B.
BorgWarner shares are down 4% from the beginning of the year , still down 27.39% from its 52 week high of $50.09 set on Thursday, January 13, 2022.
BorgWarner follows other major Consumer Discretionary sector earnings this month
BorgWarner's report follows an earnings beat by Tesla on Wednesday, October 19, 2022, who reported EPS of $1.05 on revenue of $21.45B, compared to forecasts EPS of $1.03 on revenue of $22.5B.
McDonald’s had beat expectations on Thursday with third quarter EPS of $2.68 on revenue of $5.87B, compared to forecast for EPS of $2.59 on revenue of $5.72B.
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