Lear Reports Record Third Quarter 2016 Results and Increases Full Year Outlook
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Lear Corp. (LEA) Tops Q3 EPS by 23c; Raises Outlook
October 26, 2016 7:09 AM EDTLear Corp. (NYSE: LEA) reported Q3 EPS of $3.19, $0.23 better than the analyst estimate of $2.96. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.47 billion.
"Our sales and earnings growth, which continue to outpace the industry, reflect the investments that we have made to strengthen our product capabilities and improve our cost structure. In Seating, our unique capabilities continue to drive market share gains. In E-Systems, we are extremely well positioned to capitalize on the rapidly growing vehicle communication and connectivity mega-trend. In addition, we offer hybrid and high-power... More
