BorgWarner Reports Strong 2017 Results, 2018 Guidance Looks Conservative: $55 FVE Unchanged
Narrow-moat-rated BorgWarner, the provider of propulsion technologies to the global automotive industry, reported full-year 2017 earnings per share before special items of $3.88, $0.04 ahead of market consensus and up $0.61, or 18%, from the same period a year ago. In our opinion, the outperformance versus market expectations was attributable to stronger-than-anticipated revenue growth and profitability from cost-reducing activities.On an as-reported basis, revenue increased 8% to $9.8 billion,...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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