Lear (LEA) Tops Q2 Profits Views, Raises Outlook
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Price: $60.70 -0.38%
Revenue Growth %: +10.6%
Financial Fact:
Other (income) expense, net: 1.5M
Today's EPS Names:
ATU, CRWS, CLC, More
Revenue Growth %: +10.6%
Financial Fact:
Other (income) expense, net: 1.5M
Today's EPS Names:
ATU, CRWS, CLC, More
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Lear (NYSE: LEA) reports Q2 EPS of $2.96, which may not compare to the analyst estimate of $1.29. Revenue for the quarter was $3 billion, which compares to the estimate of $2.92 billion.
Lear expects 2010 net sales of approximately $11.0 billion, consistent with our prior outlook, and 2010 core operating earnings of $450 million to $500 million, up $75 million from the prior outlook. Free cash flow in 2010 is expected to be in the range of $225 million to $275 million, up $75 million from the prior guidance.
Lear also increased three-year sales backlog to $1.9 billion, up $500 million from prior status.
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Lear expects 2010 net sales of approximately $11.0 billion, consistent with our prior outlook, and 2010 core operating earnings of $450 million to $500 million, up $75 million from the prior outlook. Free cash flow in 2010 is expected to be in the range of $225 million to $275 million, up $75 million from the prior guidance.
Lear also increased three-year sales backlog to $1.9 billion, up $500 million from prior status.
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