Having disappointed the market by failing to meet guidance in 2015, the onus is on BorgWarner's management to restore confidence in their forecasting -- which goes a long way toward explaining the cautionary tone taken by CEO James Verrier during Thursday's earnings call. The first-quarter earnings themselves were good, and despite some operational disappointments, management of the auto parts supplier kept full-year earnings guidance intact. On the other hand, when any company's leadership says current risks outweigh opportunities, investors will want to take notice. Let's take a closer look at the quarter and what was said.
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