Guidance slashed at BorgWarner due to F/X

• BorgWarner (NYSE:BWA) had a tough time getting out of the way of F/X swings in Q1 due to the global nature of its business.
• Revenue was decreased by 11% and EPS by $0.09 due to foreign currencies.
• Guidance: The company lowers its outlook on sales growth to -4% to 0% from +2% to +6%. The view on EPS is lowered to $3.10-$3.30 vs. $3.35-$3.55 prior and $3.43 consensus.
• Previously: BorgWarner misses by $0.06, misses on revenue