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Borg Warner Inc. Q1 adjusted earnings Beat Estimates

Borg Warner Inc. (BWA) revealed earnings for first quarter that decreased from last year.

The company's bottom line came in at $129 million, or $0.63 per share. This compares with $160 million, or $0.77 per share, in last year's first quarter.

Analysts had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 11.3% to $2.28 billion from $2.57 billion last year.

Borg Warner Inc. earnings at a glance:

-EPS (Q1): $0.77 vs. $1.00 last year.
-Analysts Estimate: $0.50
-Revenue (Q1): $2.28 Bln vs. $2.57 Bln last year.

Full year revenue guidance: $7.25 - $8.0 Bln

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