US Stocks Movement: BorgWarner Plunges on October 29 as GAAP EPS Misses Expectations and Revenue Declines

BorgWarner October 29: Major Drop Analysis

Keywords: GAAP EPS below expectations, revenue decline

1. On October 29, 2026, BorgWarner released its third-quarter earnings report, with GAAP diluted earnings per share of $1.08, missing market expectations by $0.13. Net sales were $3.49 billion, down approximately 2.8% to 2.9% year-on-year, which the company attributed to a decline in industry production.

2. On October 29, 2026, the company lowered its FY2026 GAAP earnings per share guidance to $4.65 to $4.84, below analysts’ expectation of $4.75. The full-year net sales guidance was narrowed to $14 billion to $14.2 billion, and organic sales guidance weakened, although the adjusted EPS guidance was raised to $5.20 to $5.35.

3. At the U.S. stock market open on October 29, 2026, the Nasdaq fell 1.37%, the S&P 500 dropped 0.51%, and the Dow Jones lost 0.52%. The overall market weakness weighed on individual stocks.

(Disclaimer: This content is generated by AI technology based on publicly available information for reference only and does not constitute investment advice.)