Lear Corp. (LEA) Tops Q1 EPS by 9c

Lear Corp. (NYSE: LEA) reported Q1 EPS of $2.28, $0.09 better than the analyst estimate of $2.19. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.54 billion.

Lear Corp. sees FY2015 revenue of $18.0 - $18.50 billion, versus the consensus of $18.55 billion. Pretax income before restructuring costs and other special items is estimated to be in the range of $1.08 to $1.13 billion in 2015. Our effective tax rate is expected to be approximately 30%. Adjusted net income attributable to Lear is expected to be in the range of $720 to $755 million.

For earnings history and earnings-related data on Lear Corp. (LEA) click here.

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