Lear Corp. (LEA) jumps following strong Q1 guidance

Lear Corp. (NYSE: LEA) shares up 7.6% after positive comments at today's Fireside Chat at Bank of America.

At the event, the CFO said: "So we're expecting revenue in the first quarter to be $5.6 billion to $5.7 billion, which is $400 million to $500 million higher than the prior year. We see operating income in the $240 million to $250 million range, which is $55 million to $65 million higher than last year. So decent conversion on the higher revenue."

The revenue consensus is $5.31 billion.

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