Thursday, July 31, 2014

BorgWarner, Delphi Hit Pothole With Cautious Outlook



Investors.com http://ift.tt/1n7bf1M Auto suppliers BorgWarner (BWA) and Delphi Automotive (DLPH) beat earnings estimates, but their outlook was light, pointing to possible cooling in the sector. Powertrain, safety and heating systems maker Delphi reported Q2 EPS that climbed 15% to $1.42, beating forecasts by 9 cents a share. Revenue rose 5% to $4.45 billion on strong sales in Asia and North America. Wall Street was expecting $4.47 billion. As the recession's effects faded and


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