Magna cuts annual profit forecast on expectations of lower vehicle production [Yahoo! Finance Canada]
BorgWarner Inc. (BWA)
Last borgwarner inc. earnings: 2/13 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
borgwarner.com/investors
Company Research
Source: Yahoo! Finance Canada
profit forecasts on Friday against the backdrop of the automobile industry grappling with weak demand. Magna had benefited from a healthy flow of orders, with automakers ramping up production over the years, however, that pace has slowed as companies readjust their inventory levels to match demand. The company supplies parts and builds vehicles at its manufacturing unit for various automakers including BMW, Mazda and Ferrari. Last month, auto industry consultants J.D. Power and GlobalData cut their expectations for 2024 global light-vehicle sales by 500,000 units to 88 million units. Auto parts supplier Aptiv said on Thursday it took extra steps to boost profitability, after it cut its annual sales forecast. Peer BorgWarner also cut its annual sales expectations. Magna now expects annual total sales between $42.2 billion and $43.2 billion, compared with its prior forecast range of $42.5 billion to $44.1 billion. It forecast full-year adjusted profit of $1.45 billion to $1.
Show less
Read more
Impact Snapshot
Event Time:
BWA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BWA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BWA alerts
High impacting BorgWarner Inc. news events
Weekly update
A roundup of the hottest topics
BWA
News
- Is BorgWarner (BWA) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Why BorgWarner (BWA) is a Top Momentum Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Can On Semiconductor's Expanding Treo Platform Push the Stock Higher? [Yahoo! Finance]Yahoo! Finance
- Here's Why You Should Hold BorgWarner Stock in Your Portfolio Now [Yahoo! Finance]Yahoo! Finance
- BorgWarner (NYSE:BWA) Has Affirmed Its Dividend Of $0.11 [Yahoo! Finance]Yahoo! Finance
BWA
Earnings
- 10/31/24 - Beat
BWA
Sec Filings
- 11/18/24 - Form 4
- 11/14/24 - Form 144
- 11/14/24 - Form SC
- BWA's page on the SEC website