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Investing.com -- Shares in BorgWarner (NYSE:BWA) rose 3% in U.S. premarket trading after the company lifted its annual sales outlook and reported first-quarter results that exceeded average market estimates.
The automotive and e-mobility supplier posted Q1 earnings per share (EPS) of $1.11, ahead of analyst expectations of $0.98. Revenue for the period declined 2.2% year-over-year to $3.52 billion, also beating the $3.41 billion consensus.
Adjusted operating income rose 3.8% year-over-year to $352 million, topping the $326.2 million projection, while adjusted operating margin improved to 10% from 9.4% a year earlier.
Free cash flow (FCF) was negative $35 million, a sharp decline from the prior year and well below the expected positive $267.3 million.
For full-year 2025, BorgWarner now expects EPS between $4.00 and $4.45, slightly narrowed from the previous range of $4.05 to $4.40, and compared to the $4.12 consensus.
Revenue guidance was lifted to $13.6 billion to $14.2 billion, up from the prior $13.4 billion to $14.0 billion range, versus analyst expectations of $13.76 billion.
The company also widened its operating cash flow forecast to $1.32 billion–$1.38 billion from $1.33 billion–$1.38 billion, missing the $1.54 billion expected by analysts. It now sees adjusted operating margin between 9.6% and 10.2%, compared to its previous view of 10% to 10.2%.