FILE - In this Feb 21, 2012, file photo, a customer shops at Lowe's in New York. Lowe's said Monday, Nov. 19, 2012, its third-quarter net income surged 76 percent, helped by fewer charges and higher revenue. Its shares rose 5 percent in early premarket trading Monday. (AP Photo/Mark Lennihan, File)
BorgWarner provides its 2013 earnings forecast
Published: 05:30:30 PM, Wed 16 January 2013 UTC
AUBURN HILLS, Mich. (AP) — Auto parts supplier BorgWarner on Wednesday provided a 2013 earnings forecast in line with Wall Street's expectations.
The Auburn Hill, Mich., company expects earnings between $5.15 and $5.45 per share.
Analysts polled by FactSet forecast $5.22 per share.
Revenue is expected to climb by 2 to 6 percent.
BorgWarner Inc. anticipates an rise of about 1 percent in global light vehicle production and a 3 percent decline in European light vehicle production.
The company's stock rose $1.77, or 2.4 percent, to $75.40 in afternoon trading. Over the past 52 weeks the shares have traded between $60.17 and $87.45.
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