Shares of Lear (LEA) Lower, Sees Incremental Growth for FY12
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Price: $130.67 -0.52%
EPS Growth %: +26.1%
Financial Fact:
Consolidated net income: 235M
Today's EPS Names:
CCEL, SLP, TMQ, More
EPS Growth %: +26.1%
Financial Fact:
Consolidated net income: 235M
Today's EPS Names:
CCEL, SLP, TMQ, More
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Lear (NYSE: LEA) shares are lower Wednesday after giving a look into its fiscal 2012 expectations at a North American International Auto Show presentation.
Lear said it expects fiscal 2012 revs of $13.85 billion to $14.35 billion, core operating earnings of $740 million to $790 million, and adjusted net income of $490 million to $520 million. The Street is also looking for 2012 sales of $14.84 billion, toward the upper-end of Lear's expectations.
Numbers compare with issued fiscal 2011 guidance calling for revs of $13.8 billion to $14.1 billion, and core operating earnings of $760 million to $790 million.
The only positive impact on Lear's 2012 outlook for core operating earnings is its sales backlog, while areas like European production, commodities, and launch costs will have a drag on the numbers.
Lear also gave its combined (seating and EPMS) sales backlog: $800 million in 2012, $700 million for 2013, and down to $300 million all the way out to 2014. Total backlog is about $1.8 billion.
Shares of Lear are about 1.8 percent lower Wednesday.
Lear said it expects fiscal 2012 revs of $13.85 billion to $14.35 billion, core operating earnings of $740 million to $790 million, and adjusted net income of $490 million to $520 million. The Street is also looking for 2012 sales of $14.84 billion, toward the upper-end of Lear's expectations.
Numbers compare with issued fiscal 2011 guidance calling for revs of $13.8 billion to $14.1 billion, and core operating earnings of $760 million to $790 million.
The only positive impact on Lear's 2012 outlook for core operating earnings is its sales backlog, while areas like European production, commodities, and launch costs will have a drag on the numbers.
Lear also gave its combined (seating and EPMS) sales backlog: $800 million in 2012, $700 million for 2013, and down to $300 million all the way out to 2014. Total backlog is about $1.8 billion.
Shares of Lear are about 1.8 percent lower Wednesday.
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