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from CBS Marketwatch

4Q EPS 6 cents over expected, stock to split 2-1

"BorgWarner posted fourth-quarter earnings of $50 million, or $1.80 per share, beating Wall Street's mean analysts' estimate by 6 cents, and said its board has approved a two-for-one split of its common stock. The Chicago-based powertrain systems supplier said strong demand for its fuel-efficient engine technology and increased volumes from new business drove growth in fiscal 2003, and it reiterated its outlook for earnings of $7.10 to $7.30 per share in fiscal 2004. Sales for the fourth quarter rose to $798.8 million from $700.8 million in the same period a year earlier. Shares closed Wednesday at $91.40, down 41 cents."

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