Monday, September 21, 2015

BorgWarner Faces Headwinds

Engine and powertrain company BorgWarner released its second-quarter earnings today, and disappointed the market by missing analyst estimates and reducing its full-year guidance. If there's one thing you can conclude from the recent spate of earnings in the industrial sector, it's that China's automotive sector is slowing.

In truth, after missing analyst estimates in its first quarter, the pressure was on BorgWarner to come up with a good set of results this time around. Unfortunately, a combination of factors conspired to disappoint such hopes. Let's take a closer look at what happened.


READ THE FULL EQUITY RESEARCH ARTICLE LINKED