BorgWarner Inc (NYSE:BWA) shares are trading higher after a better-than-expected second-quarter FY24 adjusted EPS and new contracts. The company reported a second-quarter FY24 sales decline of 2% year-on-year to $3.603 billion, missing the analyst consensus estimate of $3.706 billion. The revenue decline was primarily due to declining market production volumes and the negative impact of foreign currencies. Net sales from the Air Management segment decreased 2.6% Y/Y, Drivetrain & Battery Systems Segment gained 7.1% and ePropulsion dropped 18%. Adjusted EPS of $1.19 beat the analyst consensus of $1.01. Gross profit rose 0.7% to $685 million, and gross ...