BorgWarner: Fighting Hard Against Declining End Markets
It was a pretty tough second quarter for BorgWarner (NYSE: BWA), and as a result, the automotive technology specialist was forced to reduce its full-year revenue and earnings growth expectations. Moreover, it's going to get worse before it gets better, with management preparing investors for an even more difficult third quarter before conditions start to improve in Q4. Let's take a look.
Comparing the headline numbers from the quarter:
Image source: Getty Images.
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