Lear Corp. (LEA) Tops Q2 EPS by 34c
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Lear Reports Record Quarterly Earnings and Increases 2015 Financial Outlook
July 24, 2015 7:00 AM EDTSOUTHFIELD, Mich., July 24, 2015 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical distribution systems, today reported financial results for the second quarter. Highlights include:
Sales of $4.6 billion, up 1% from a year ago; 10% growth excluding impact of foreign exchange Record core operating earnings of $337 million, up 23% Adjusted earnings per share of $2.82, up 33% Core operating margin of 7.3%, up from 6.0% a year ago Improved margins in both business segments Returned $142 million to shareholders through share... More