Lear Corp. (LEA) Tops Q3 EPS by 23c; Raises Outlook
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Lear Reports Record Third Quarter 2016 Results and Increases Full Year Outlook
October 26, 2016 7:00 AM EDTSOUTHFIELD, Mich., Oct. 26, 2016 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record financial results for the third quarter of 2016. Highlights include:
Record sales of $4.5 billion, reflecting continued growth in both segments Record net income of $214 million versus $181 million in the prior year, an increase of 18% Record core operating earnings of $364 million, an increase of 14% from the prior year, with a record margin of 8.0%, up from 7.4% a year ago Earnings per share of $2.98 and adjusted... More