BorgWarner Inc.'s (BWA) third-quarter net earnings attributable to the company were $17.2 million or $0.15 per share compared with a loss of $130.4 million or $1.12 per share in the last year. Net earnings for the quarter were $20 million versus a loss of $128 million in 2008.
Non-GAAP earnings per share for the recent quarter fell sharply to $0.15 from $0.44 in the prior year. On average, 16 analysts polled by Thomson Reuters expected earnings per share of $0.10 for the quarter. Analysts' estimate typically excludes one-time items.
Net sales for the third quarter of 2009 decreased to $1.03 billion from $1.32 billion in the year earlier period. Eleven analysts estimated revenues of $1.01 billion for the quarter.
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