BorgWarner Inc. (NYSE:BWA) witnessed a 28% increase in profit to $1.28 per share in the first quarter of 2012 from $1.00 per share in the same quarter of 2011. With this, the auto parts maker missed the Zacks Consensus Estimate by 2 cents per share.
Revenues in the quarter hiked 10.5% to $1.9 billion from $1.7 billion in the first quarter of 2011. It was in line with the Zacks Consensus Estimate. The impact of foreign currencies, primarily the Euro, reduced net sales by about $45 million in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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