Deutsche Bank Downgrades Lear (LEA) to Hold
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Lear Reports Record Third Quarter Earnings and Increases 2015 Financial Outlook
October 23, 2015 7:00 AM EDTSOUTHFIELD, Mich., Oct. 23, 2015 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical distribution systems, today reported financial results for the third quarter. Highlights include:
Sales of $4.3 billion, up 2% from a year ago; 11% growth excluding impact of foreign exchange Record core operating earnings of $320 million, up 27% from prior year Adjusted earnings per share of $2.56, up 33% from prior year Core operating margin of 7.4%, up from 5.9% a year ago, with improved margins in both business segments Acquired intellectual property and technology... More