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Aug 2 (Reuters) - Auto parts supplier BorgWarnerreported second-quarter results on Wednesday that beat analysts'estimates, helped by sustained demand from automakers ramping upoutput.
The Michigan-based company, whose customers includeVolkswagen, General Motors and Ford,over the past two years has also been realigning itself tobecome an EV supplier.
On an adjusted basis, BorgWarner earned $1.35 per share inthe second quarter, beating estimates of $1.08 per share,according to Refinitiv IBES data.
The company posted a quarterly revenue of $4.52 billion,compared with estimates of $4.07 billion.
BorgWarner, however, trimmed its full-year sales outlook tobetween $14.2 billion and $14.6 billion, compared with its priorforecast of $17.1 billion to $17.9 billion, to take into accountthe impact of discontinued operations related to a spin-off.
The company said in February it would spin off its fuelsystems and aftermarket segments, and form a new company calledPHINIA.(Reporting by Nathan Gomes in Bengaluru; Editing by ShounakDasgupta)