Lear Corp. (NYSE: LEA) reported Q2 EPS of $3.82, $0.51 better than the analyst estimate of $3.31. Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.86 billion.

"The Company's operating fundamentals are the strongest in our history, and we are very well positioned for future growth in both of our business segments. In Seating, we have received outstanding customer response to our craftsmanship initiative and our new 'Intelligent Seat.' In Electrical, our electrical distribution capabilities, connected gateway modules, wireless technology and software expertise are allowing Lear to capitalize on the rapidly growing vehicle communication and connectivity mega-trend. In addition, we offer hybrid and high-power electrical systems, including 48-volt architectures, as well as the most efficient vehicle battery charging capabilities. These unique capabilities in both product segments, combined with our low-cost footprint and strong capital structure, provide Lear with a competitive advantage and will continue to drive profitable growth," said Matt Simoncini, Lear's president and chief executive officer.

GUIDANCE:

Lear is increasing its full year 2016 financial guidance for earnings and free cash flow based on our strong first half performance and outlook for the full year.

Lear Corp. sees FY2016 revenue of $18.5-18.8 billion, versus the consensus of $18.88 billion.

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