Lear Corp. (LEA) Misses Q2 EPS by 23c, Updates Guidance
Lear Corp. (NYSE: LEA) reported Q2 EPS of $2.45, $0.23 worse than the analyst estimate of $2.68. Revenue for the quarter came in at $4.81 billion versus the consensus estimate of $4.91 billion.
GUIDANCE:
Lear Corp. sees FY2021 revenue of $19.7-20.5 billion, versus the consensus of $20.72 billion.
Full Year 2021 Outlook | |||
Net Sales | $19,700 - $20,500 million | ||
Core Operating EarningsAdjusted EBITDA | $920 - $1,110 million $1,480 - $1,670 million | ||
Restructuring Costs | ≈$100 million | ||
Capital Spending | ≈$625 million | ||
Free Cash Flow | $350 - $500 million |
For earnings history and earnings-related data on Lear Corp. (LEA) click here.