Lear Corp. (NYSE: LEA) reported Q3 EPS of $2.56, $0.21 better than the analyst estimate of $2.35. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.42 billion.

Full Year 2015 Financial Outlook

Lear has increased its full year 2015 financial outlook for earnings and free cash flow.

Our 2015 financial outlook is based on industry vehicle production assumptions of 17.5 million units in North America, up 3% from the prior year, 21.3 million units in Europe & Africa, up 3% from the prior year, and 21.7 million units in China, up 2% from the prior year. Lear's financial guidance is based on an average full year exchange rate of $1.11/Euro, down 17% from 2014.

Sales in 2015 are expected to be approximately $18.2 billion, consistent with the midpoint of our prior guidance. Core operating earnings are expected to be in the range of $1.27 to $1.30 billion, up from the prior range of $1.225 to $1.275 billion. Free cash flow is expected to be approximately $650 million, up $25 million from the prior guidance.

Pretax income before restructuring costs and other special items is estimated to be in the range of $1.17 to $1.20 billion in 2015. Our effective tax rate is expected to be approximately 28%. Adjusted net income is expected to be in the range of $800 to $820 million.

Depreciation and amortization expense is estimated to be approximately $365 million. The outlook for pretax operational restructuring costs and capital spending is approximately $85 million and $500 million, respectively.

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